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Consider the following summary of Sec. 1231 gains and losses recognized by Jennifer during the period 2017-2022. Jennifer had no nonrecaptured Sec. 1231 losses at
Consider the following summary of Sec. 1231 gains and losses recognized by Jennifer during the period 2017-2022. Jennifer had no nonrecaptured Sec. 1231 losses at the beginning of 2017. Kequirement 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 Abbreviations used; NLTCG = net long-term capital gain, NLTCL = net long-term capital loss.) Sec. 1231 Gains and Losses
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