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Sheena Maskell Sheena Maskell
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7 years ago
Lucy, a noncorporate taxpayer, experienced the following Section 1231 gains and losses during the years 2005 through 2010. Assuming Lucy had no capital gains and losses during that time period, what is the tax treatment in each of the years listed?

   Section 1231 Gains   Section 1231 Losses
2005   $10,000   $  8,000
2006   $18,000   $23,000
2007   $  9,000   $13,000
2008   $22,000   $16,000
2009   $25,000   $17,000
2010   $11,000   $18,000
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
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MsLippyMsLippy
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7 years ago
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Sheena M. Author
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7 years ago
Really helped
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