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During 2016,Silverado Corporation Has the Following Section 1231 Gains and Losses

Question 76

Multiple Choice

During 2016,Silverado Corporation has the following Section 1231 gains and losses: 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
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

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