25 Required information The following information applies to the questions displayed below) Hans runs a sole proprietorship. Hans has reported the following net 51231 gains and losses since he began business Part 1 of 2 Net $1231 gains shown are before the lookback rule. (Leave no answer blank. Enter zero if applicable.) Net $1231 $163,540) 15,250 Year T teurrest year) a. What amount, i any of the year 7 (current year) $50.250 net 51231 gain is treated as ordinary income? 25 26 i of32 Next > 8