Pidgeon,Inc.has the following gains and losses from Section 1231 property during 2016:
No net Section 1231 losses have been deducted as ordinary losses in prior years.How much of the 2016 Section 1231 gains and losses are recognized as long-term capital gains?

Question

Pidgeon,Inc.has the following gains and losses from Section 1231 property during 2016:  ​
No net Section 1231 losses have been deducted as ordinary losses in prior years.How much of the 2016 Section 1231 gains and losses are recognized as long-term capital gains?

Quizplus · Accepted Answer

The Answer of Pidgeon,Inc.has the following gains and losses from Section 1231 property during 2016:  ​
No net Section 1231 losses have been deducted as ordinary losses in prior years.How much of the 2016 Section 1231 gains and losses are recognized as long-term capital gains?