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
Correct Answer:
Verified
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