Question: Question 1 2 ( 3 points ) Vernon, Inc., has a 2 0 2 3 net Section 1 2 3 1 gain of $ 5

Question 12(3 points)
Vernon, Inc., has a 2023 net Section 1231 gain of $55,000 and had a
$62,000 net Section 1231 loss in 2022, For 2023, Vernon's net Section
1231 gain is treated as:
$55,000 capital loss
$55,000 ordinary loss.
$55,000 capital gain.
$55,000 ordinary gain
Question 12(3 points) Vernon, Inc., has a 2023 net Section 1231

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