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Bright, Inc, has the following Net 1231 results for each of the years shown. What is the character of the net gains and losses each

Bright, Inc, has the following Net 1231 results for each of the years shown. What

is the character of the net gains and losses each year?

Tax

Year

Net 1231 Loss

Net 1231

Gain

2013

$ 40,000

2014

$ 35,000

2015

$ 20,000

2016

$ 25,000

2017

$ 50,000

2018

$ 37,000

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