In 2019, Mary recognized a $45,000 gain on the sale of Section 1231 property. Over the previous five-year period, Mary recognized the following net Section 1231 gains and (losses): 2018 ($28,000)2017 $16,0002016 ($30,000) Mary's 2019 gain is characterized as
A. $45,000 ordinary gain
B. $28,000 ordinary gain and $17,000 capital gain
C. $45,000 capital gain
D. $42,000 ordinary gain and $3,000 capital gain
Answer: D
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