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***Please explain your answers in detail*** E-Walk, Inc. has the following net Section 1231 gains and losses: 2014: $12,000 gain 2017: $16,000 gain 2015: $6,000
***Please explain your answers in detail***
E-Walk, Inc. has the following net Section 1231 gains and losses:
2014: $12,000 gain 2017: $16,000 gain
2015: $6,000 loss 2018: $8,000 loss
2016: $25,000 loss 2019: $30,000 gain
For each year, what is the character and amount of the Section 1231 gain (loss) for tax purposes?
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