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    Federal Taxation
  4. Exam
    Exam 17: Property Transactions: Section 1231 and Recapture Provisions
  5. Question
    Once § 1231 Gains Are Netted Against § 1231 Losses
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Once § 1231 Gains Are Netted Against § 1231 Losses

Question 56

Question 56

True/False

Once § 1231 gains are netted against § 1231 losses, if the gains exceed the losses, the net gain is offset by the
lookback nonrecaptured § 1231 losses.

Correct Answer:

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