Multiple Choice
An individual has a $20,000 § 1245 gain, a $15,000 § 1231 gain, a $13,000 § 1231 loss, a $3,000 § 1231 lookback loss, and a $15,000 long-term capital gain.The net long-term capital gain is:
A) $30,000.
B) $40,000.
C) $17,000.
D) $15,000.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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