On July 1, 2016, Anne sells Blackacre to Bruce for 20 percent of Blackacre's gross yield for each of the next 5 years with the first payment due on July 1, 2017 and the last on July 1, 2021. Anne's basis in Blackacre is $10 million.

Assuming Anne receives the following payments from Bruce pursuant to the July 1, 2016 sales agreement:

Year Payment

2017 2,300,000

2018 1,750,000

2019 2,150,000

2020 1,800,000

2021 2,050,000

What is the amount of gain or loss to be recognized by Anne in each of the five years (2017 through 2021)?