Question: Vertical, Inc., has a 2 0 2 4 net 1 2 3 1 gain of $ 6 7 , 0 0 0 and had a

Vertical, Inc., has a 2024 net 1231 gain of $67,000 and had a $22,000 net 1231 loss in 2023. For 2024, Vertical's net 1231 gain is treated as:
a. $67,000 capital gain.
b. $45,000 long-term capital gain and $22.000 ordinary loss.
c. $67.000 ordinary gain.
d. $45,000 long-term capital gain and $22.000 ordinary gain

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