Question: a . Assuming Bourne reported $ 5 0 , 0 0 0 of nonrecaptured net 1 2 3 1 losses during years 1 5 ,

a. Assuming Bourne reported $50,000 of nonrecaptured net 1231 losses during years 15, what amount of Bourne's net 1231 gain for year 6, if any, is treated as ordinary income?

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