Question: On August 1 0 , 2 0 2 2 , Jasper purchased business equipment for $ 4 0 , 0 0 0 . On his

On August 10,2022, Jasper purchased business equipment for $40,000. On his 2022 tax return, $40,000 of 179 immediate expense was taken on the equipment. On July 14,2023, Jasper sold the equipment for $12,000. What is the nature of disposition gain or loss? Where is it reported on the 2023 Form 4797?

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