In 2014,Jim had a $5,000 net Section 1231 gain.In 2016,Jim reported a Section 1231 loss of $12,000.In 2017,Jim has a $15,000 net Section 1231 gain.He had no other sales of property in 2017.What is Jim's ordinary income from his 2017 property transactions?
A) $- 0 -
B) $7,000
C) $3,000
D) $12,000
E) $15,000
Correct Answer:
Verified
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