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During 2014, Silverado Corporation Has the Following Section 1231 Gains

Question 79

Multiple Choice

During 2014, Silverado Corporation has the following Section 1231 gains and losses: During 2014, Silverado Corporation has the following Section 1231 gains and losses:   During the period 2009 - 2013, the corporation recognized $8,000 of net Section 1231 losses as ordinary losses that have not been recaptured. How much of the 2014 Section 1231 gains and losses are recognized as long-term capital gains? A)  $ - 0 - B)  $ 1,000 C)  $ 9,000 D)  $10,000 E)  $12,000 During the period 2009 - 2013, the corporation recognized $8,000 of net Section 1231 losses as ordinary losses that have not been recaptured. How much of the 2014 Section 1231 gains and losses are recognized as long-term capital gains?


A) $ - 0 -
B) $ 1,000
C) $ 9,000
D) $10,000
E) $12,000

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