Jessica retires from Apple Computer, where she was an executive who participated in several stock purchase plans. On November 30, 2018, after retirement Jessica sells stock for $8 Million, and this stock had a tax basis of $3 Million to Jessica. She decides to defer taxes by investing in a Qualified Opportunity Fund. In April 2019 Jessica invests $5 Million in a qualifying fund. She remains an owner until February 2031, at which time the investment is sold and Jessica receives $15 Million. How much gain does Jessica recognize in:

2018, the year her stock is sold____________________________________

2031, the year she terminates the investment________________________

Any other Year????? (year and what is reported)

Specify the year ___________________________

Specify the gain ____________________________