1. Chen Honghui has the following gains and losses:

2013 $10,000 1231 gain; $30,000 1231 loss

2014 $15,000 1231 gain; $25,000 1231 loss

2015 $15,000 1231 gain; $10,000 1231 loss

2016 $5,000 1231 gain; $25,000 1231 loss

2017 $10,000 1231 gain; $10,000 1231 loss

2018 $20,000 1231 gain; $10,000 1231 loss

2019 $60,000 1231 gain; $5,000 1231 loss

In 2019, will Chen Honghui have a net 1231 gain or loss, how will the gain or loss be treated and will there be any 1231 loss carryovers?