Morgan's Water World $($MWW$),$ an LLC$,$ opened several years ago. MWW has reported the following net $$1231$ gains and losses since it began business. Net $$1231$ gains shown are before the look$-$back rule.

$\backslash$table$[[,$Year,$\backslash$table$[[$Net $51231],[$Galns or$],[($Losses$)]]],[$Year$,,1(11,990)$