[Solved] Aamir has 25,000 of net Sec. 1231 gains this year on business assets.  

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Raj Maurya
(@rajmaurya)
Member Admin
Joined: 2 years ago
Posts: 8
11/02/2019 3:13 pm  

Aamir has 25,000 of net Sec. 1231 gains this year on business assets. In addition, incurred 18,000 of loss on the sale of stock held in six months. Aamir will include in his AGI:


A) 7,000 net capital gain

B) 22,000 net capital gain

C) 3,000 short term capital loss and 25,000 ordinary gain

D) 7,000 short term capital gain

 

Answer: A) 7,000 net capital gain


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