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

Ashburn reported a $105,000 net $1231 gain in Year 6. Assuming Ashburn reported $60,000 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?
$0
$45,000
$60,000
$105,000
None of the choices are correct.
Ashburn reported a $ 1 0 5 , 0 0 0 net $ 1 2 3 1

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