During 2016,Silverado Corporation has the following Section 1231 gains and losses:
During the period 2011 - 2015,the corporation recognized $8,000 of net Section 1231 losses as ordinary losses that have not been recaptured.How much of the 2016 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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