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Business, 02.04.2021 02:50 Juicebox18
Proctor Inc. was incorporated in 2014 and adopted a calendar year. Here is a schedule of Proctor's net Section 1231 gains and (losses) reported on its tax returns through 2019. 2014 2015 2016 2017 2018 2019 $-0- $(3,800) $9,040 $(15,900) $-0- $-0- In 2020, Proctor recognized a $25,000 gain on the sale of business land. How is this gain characterized on Proctor's tax return
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Proctor Inc. was incorporated in 2014 and adopted a calendar year. Here is a schedule of Proctor's n...
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