During 2016,Thomas has a net Section 1231 gain of $57,000.In 2015,Thomas reported a net Section 1231 loss of $60,000.What is the character of the 2016 gain?
A) $60,000 long-term capital gain.
B) $60,000 ordinary gain.
C) $57,000 ordinary gain.
D) $57,000 long-term capital loss.
E) $57,000 long-term capital gain.
Correct Answer:
Verified
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