Question: please answer During the current year, Perla recognizes a $25,000 See. 1231 gain on sale of land and a $19,000 Sec. 1231 loss on the
please answer

During the current year, Perla recognizes a $25,000 See. 1231 gain on sale of land and a $19,000 Sec. 1231 loss on the sale of land. Prior to this, Perla's only Sec. 1231 item was a $15,000 loss six years ago. Perla must report a A) $5,000 net LTCG. B) $6,000 ordinary income. C) $9,000 ordinary loss. D) $15,000 ordinary income and $6,000 net LTCG
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