Vertical,Inc

Multiple Choice

Vertical,Inc. ,has a 2016 net § 1231 gain of $67,000 and had a $22,000 net § 1231 loss in 2015.For 2016,Vertical's net § 1231 gain is treated as:

A) $45,000 long-term capital gain and $22,000 ordinary loss.
B) $67,000 ordinary gain.
C) $45,000 long-term capital gain and $22,000 ordinary gain.
D) $67,000 capital gain.
E) None of the above.