Nigel elects to treat the cutting of timber as a sale or exchange under § 1231.

Please check my answer! 1. (TCO 3) At the end of the period it is necessary
February 12, 2020
It is possible that after months of work and evaluation of a new AIS the decision is made to outsource
February 12, 2020

Nigel elects to treat the cutting of timber as a sale or exchange under § 1231.

Nigel purchased the land for $120,000 and the timber for $210,000 several years ago. On the first day of 2012, the timber was appraised at $230,000, and in September 2012, it was cut and sold for $238,750. What is Nigel’s Section 1231 gain from this transaction? Explain

 
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