Jeremy has $18,000 of Section 1231 gains and $23,000 of Section 1231 losses. The gains and losses are characterized as
A) Capital Gain Capital Loss Ordinary Income Ordinary Loss
$18,000 $23,000
B) Capital Gain Capital Loss Ordinary Income Ordinary Loss
$18,000 $23,000
C) Capital Gain Capital Loss Ordinary Income Ordinary Loss
$18,000 $23,000
D) Capital Gain Capital Loss Ordinary Income Ordinary Loss
$18,000 $3,000 $20,000
Answer: A
Finance
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