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Business, 10.05.2021 22:40 HopeBordelon4

Proctor Inc. was incorporated in 2011 and adopted a calendar year. Here is a schedule of Proctor's net Section 1231 gains and (losses) reported on its tax returns through 2016. 2011 2012 2013 2014 2015 2016 $-0- $(3,800) $9,040 $(15,900) $-0- $-0- In 2017, Proctor recognized a $25,000 gain on the sale of business land. How is this gain characterized on Proctor's tax return

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