Compute the net long-term capital gain

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Question - An individual has a $10,000 § 1245 gain, a $15,000 § 1231 gain, a $13,000 § 1231 loss, a $4,000 § 1231 lookback loss, and a $15,000 long-term capital gain. The net long-term capital gain is:

(A) $30,000.

(B) $40,000.

(C) $17,000.

(D) $15,000.

(E) None of the above.

Reference no: EM131821877

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