Question: Tullia Incorporated recognized $ 5 0 0 , 0 0 0 ordinary income, $ 2 2 , 6 0 0 net Section 1 2 3

Tullia Incorporated recognized $500,000 ordinary income, $22,600 net Section 1231 gain, and $6,000 net capital loss this year. Tullia's taxable income is $522,600.
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