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Consider the following summary of Sec. 1231 gains and losses recognized by Jennifer during the period 2013-2018. Jennifer had no nonrecaptured Sec. 1231 losses at
Consider the following summary of Sec. 1231 gains and losses recognized by Jennifer during the period 2013-2018. Jennifer had no nonrecaptured Sec. 1231 losses at the beginning of 2013. (Click on the icon to view the Sec. 1231 gains and losses.) Requirement If Jennifer 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 2013 i - X Data Table Sec. 1231 Gains Sec. 1231 Losses $ $ 2013 2014 2015 2016 2017 2018 9,000 $ 22,000 13,500 10,600 26,600 12,500 7,400 26,500 22,000 5,800 13,300 19,200 Print Done
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