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  2. Topic
    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 14: Property Transactions: Capital Gains and Losses, 1231, Recapture Provisions
  5. Question
    In the "General Procedure for § 1231 Computation: Step 2
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In the "General Procedure for § 1231 Computation: Step 2

Question 7

Question 7

True/False

In the "General Procedure for § 1231 Computation: Step 2.§ 1231 Netting," if the gains exceed the losses, the net gain is offset by the "lookback" nonrecaptured § 1231 losses.

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