6) Jeremy has $18,000-of-Sec. 1231 gains and $23,000 of Sec. 1231 losses. The gains and losses are characterized as AS Ordinary Capital Gain Capital Lossa Incomec Ordinary Lossa $18.0000 $23,000 B). Ordinary Capital Gain Capital Lossb Income $18.0000 Ordinary Lossa $23,000 Ordinary Capital Gain CapitalLosso Income $18,0000 $23.0000 Ordinary Lossa D1 Ordinary Capital Gain Capital-Losse Income $18,0000 $3,0000 Ordinary Lossa $20,0000