C D E F G 1 CHARACTER OF GAIN OR LOSS 1231 291 Recapture Recapture Realized/Recognized Gain (Loss) 1245 Adjusted 1231 Short-term Amount Realized Basis Gain Capital Loss 3 Asset Loss Building s Farm land Racehorse Equipment BXCON stock $ 400,000 50,000 250,000 100,000 50,000 GROSS TOTALS $ $ $ $ $ LESS: LOOKBACK LOSS (10,000) NET TOTALS$ $(10,000) $ $ 2 3 Net $1231 Gain (Loss)