Ashburn Reported a $105,000 Net §1231 Gain in Year 6

Ashburn reported a $105,000 net §1231 gain in year 6.Assuming Ashburn reported $60,000 of nonrecaptured §1231 losses during years 1-5,what amount of Ashburn's net §1231 gain for year 6,if any,is treated as ordinary income?

A) $0.
B) $45,000.
C) $60,000.
D) $105,000.
E) None of thesE.The 1231 lookback rule recharacterizes $60,000 of the §1231 gain to ordinary income,the amount of the prior 5 year losses that received ordinary loss treatment.

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