FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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§1231 Netting Process
:§1231 gain
§1231 loss
Net §1231 gain
Nonrecaptured §1231 losses
Net §1231 gain
Ordinary Income:
§1245 recapture
§291 recapture
Ordinary income
Ordinary loss
Ordinary income from §1231 netting
TotalCapital Gains and Losses:
Capital gainCapital loss
Net
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