6

Required Information [The following information applles to the questions displayed below] Hans runs a sole proprletorship. Hans has reported the following net 61231 gains and losses since he began business. Net \$1231 gains shown are before the look-back rule. Note: Leave no answers blank. Enter zero if applicable. o. Assume that the $54,250 net $1231 gain occurs in year 6 instead of year 7 . What amount of the gain would be treated as ordinary ncome in year 6 ? Answer is complete but not entirely correct