Question: Ashburn reported a $ 1 0 4 , 8 5 0 net 1 2 3 1 gain in Year 6 . Assuming Ashburn reported $

Ashburn reported a $104,850 net 1231 gain in Year 6. Assuming Ashburn reported $52,000 of nonrecaptured 1231 losses during Years 1 to 5, what amount of Ashburn's net 1231 gain for Year 6, if any, is treated as ordinary income?
Multiple Choice
$0
$52,850
$52,000
$104,850
None of the choices are correct.

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