Education homework help. buildingProceedscost basis-accumulated depreciationadjusted tax basistotal gain(loss)1231 gain(loss)ordinary 1245ordinary 1250ordinary 291Money had $15,000 of nonrecaptured §1231 losses in the prior 5 years. How much capital gain (if any) does Money report after the §1231 netting process? How much ordinary gain (if any) does Money report on its tax return?
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