Question: Becker CPA Review 7 - 1 2 Net 1 2 3 1 losses are: a . Deducted as a capital loss against other capital gains

Becker CPA Review 7-12
Net 1231 losses are:
a. Deducted as a capital loss against other capital gains and nothing against ordinary income.
b. Deducted as a capital loss against other capital gains and up to $3,000 against ordinary income.
c. Not allowed as a deduction.
d. Deducted as an ordinary loss.

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