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Required information [The following information applies to the questions displayed below.] Hans runs a sole proprietorship. Hans has reported the following net $1231 gains and

image text in transcribed Required information [The following information applies to the questions displayed below.] Hans runs a sole proprietorship. Hans has reported the following net \$1231 gains and losses since he began business. Net $1231 gains shown are before the look-back rule. Note: Leave no answer blank. Enter zero if applicable. Assume that the $56,000 net $1231 gain occurs in year 6 instead of year 7 . What amount of the gain ould be treated as ordinary income in year 6

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