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Domingo has the following net 1231 results for each of the years shown: Net 5 1231 Gain Tax Year Net 1231 Loss 2015 $13,000 2016
Domingo has the following net 1231 results for each of the years shown: Net 5 1231 Gain Tax Year Net 1231 Loss 2015 $13,000 2016 $34,000 $59,000 2017 2018 2019 $45,000 $10,000 $42,000 2020 What would be the nature of the net gains in 2018, 2019, and 2020? If an amount is zero, enter "o". Total Net 1231 Gain Amount Treated as Ordinary Income Amount Treated as Long-Term Capital Gain 2018 $45,000 0 X 45,000 X 2019 $10,000 10,000 X 2020 $42,000 42,000 X
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