Question: Bourne Guitars, a corporation, reported a $ 1 7 9 , 0 0 0 net 1 2 3 1 gain for year 6 . a

Bourne Guitars, a corporation, reported a $179,000 net 1231 gain for year 6.
a. Assuming Bourne reported $72,250 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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