Question: for this Question 13 3 pts During the current year, Danika recognizes a $30,000 Sec. 1231 gain and a $22,000 Sec. 1231 loss. Prior to

for this

for this Question 13 3 pts During the current year, Danika recognizes

Question 13 3 pts During the current year, Danika recognizes a $30,000 Sec. 1231 gain and a $22,000 Sec. 1231 loss. Prior to this, Danika's only Sec. 1231 item was a $15,000 loss two years ago. Danika must report a(n) $8,000 net LTCG. $8,000 ordinary income. $15,000 ordinary income. $8,000 ordinary income and $7,000 net LTCG. Question 14 3 pts During the current year, George recognizes a $30,000 Sec. 1231 gain on sale of land and a $18,000 Sec. 1231 loss on the sale of land. Prior to this, George's only Sec. 1231 item was a $14,000 loss six years ago. George must report a $12,000 net LTCG. $12,000 ordinary income. $14,000 ordinary income. $10,000 ordinary income and $2,000 net LTCG

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