Problem Nonrecaptured Net Sec. 1231 Losses. Consider the following summary of Sec. 1231 gains and losses recognized by Janet during the period 2010-2015. Janet had no nonrecaptured Sec. 1231 losses at the beginning of 2010. If Janet has no capital gains and losses during the six-year period, determine her net capital gain for each year. Sec. 1231 Gains Sec. 1231 Losses 2010 $ 9,000 $ 7,000 2011 20,000 24,000 2012 12,000 19,000 2013 9,000 4,000 2014 25,000 13,200 2015 10,000 17,000 Step-by-step solution ace