If the taxpayer's aggregate Section 1231 gains for the year exceed aggregate Section 1231 losses for the year,all such gains and losses are considered to be ordinary.

Question

Quizplus · Accepted Answer

When a taxpayer's aggregate Section 1231 gains for the year exceed their aggregate Section 1231 losses, such gains and losses are treated as long-term capital gains and losses, not ordinary.

If the Taxpayer's Aggregate Section 1231 Gains for the Year