Pidgeon, Inc. has the following gains and losses from Section 1231 property during 2018:
?
No net Section 1231 losses have been deducted as ordinary losses in prior years. How much of the 2018 Section 1231 gains and losses are recognized as long-term capital gains?
A) $- 0 -
B) $1,000
C) $3,000
D) $4,000
E) $6,000
Correct Answer:
Verified
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