Question: During the current year, Angie has a Section 1 2 3 1 gain of $ 1 6 , 0 0 0 and a Section 1

During the current year, Angie has a Section 1231 gain of $16,000 and a Section 1231 loss of $10,000. Three years ago, Angie reported a net Section 1231 loss of $5,000. These are the only two years in which Angie has had Section 1231 gains or losses. What is the ordinary gain amount, if any, that Angie will report for the current year?

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