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13 Dec 2019
Nonrecapture Sec.1231 losses are applied againt the net Sec. 1231 gain beginning with:
A) Last year's loss and ending with losses from fifth previous year.
B) The earliest loss in the five-year period.
C) The next future year's losses.
D) Last year's loss and ending with losses from the third previous year.
Nonrecapture Sec.1231 losses are applied againt the net Sec. 1231 gain beginning with:
A) Last year's loss and ending with losses from fifth previous year.
B) The earliest loss in the five-year period.
C) The next future year's losses.
D) Last year's loss and ending with losses from the third previous year.
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