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Consider the following summary of Sec. 1231 gains and losses recognized by Jessica during the period 2015-2020. Jessica had no nonrecaptured Sec. 1231 losses at
Consider the following summary of Sec. 1231 gains and losses recognized by Jessica during the period 2015-2020. Jessica had no nonrecaptured Sec. 1231 losses at the beginning of 2015. Click on the icon to view the Sec. 1231 gains and losses.) Requirement of Jessica has no capital gains and losses during the six-year period, determine her net capital gain and ordinary income/loss for each year. Determine the Sec. 1231 gain or loss for each year and enter the amount(s) in the appropriate type of income column. Note that you can enter more than one amount for each year. (If an input field is not used in the table leave the input field(s) empty, do no enter a zero. Abbreviations used; NLTCG = net long-term capital gain, NLTCL = net long-term capital loss.) NLTCG NLTCL Ordinary Income Ordinary Loss 2015 2016 2017 2018 2019 2020 mmary of Sec. 1231 gains and losses recognized by Jessica during the per . 1231 losses at the beginning of 2015. and Data Table Sec. 1231 Gains Sec. 1231 Losses 2015 $ 9,400 $ 7,800 2016 21,000 25,300 2017 14,500 22,600 2018 4,600 9,100 26,700 2019 2020 14,100 21,600 15,000 Print Done Time Remaining: 01:07:3
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