Multiple Choice
Verway,Inc. ,has a 2014 net § 1231 gain of $55,000 and had a $62,000 net § 1231 loss in 2013.For 2014,Verway's net § 1231 gain is treated as:
A) $55,000 ordinary loss.
B) $55,000 ordinary gain.
C) $55,000 capital loss.
D) $55,000 capital gain.
E) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
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