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A business taxpayer sold all the depreciable assets of the business, calculated the gains and losses, and would like to know the final character of those gains and losses.The taxpayer had $353,000 of adjusted gross income before considering the gains and losses from sale of the business assets.The taxpayer had unrecaptured § 1231 lookback loss of $12,000.What is the treatment of the gains and losses summarized in the chart below after all possible netting and reclassification has been completed? What is the taxpayer's adjusted gross income? (Ignore the self-employment tax deduction.)
Puberty
The period during which adolescents reach sexual maturity and become capable of reproduction.
Menarche
The initial instance of menstrual flow in a female, signifying the beginning of fertility.
Androgyny
Exhibiting both traditional male and female psychological characteristics, or a lack of clear masculine or feminine identity.
Masculinity
Traditionally, this term refers to the attributes, behaviors, and roles associated with being male in a given society.
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