Rod Kimble is a self-employed businessman. He had the following net 1231 gains and losses for the prior five years, and before that he did not have any net 1231 gains and losses. Year net 1231 gain or loss each year 2018 (7,800) 2017 10,000 2016 5,000 2015 (12,000) 2014 0 A What amount of unrecaptured net 1231 losses does he have from these prior years (i.e. subject to lookback rules)?

In 2019, Rod (from the previous question) sold a motorcycle for $12,000 (adjusted basis $8,000, accumulated depreciation $3,000) and a storage building for $25,000 (adjusted basis $15,000, accumulated depreciation $7,000). Both assets have been in service for several years, and were used 100% for business. Taking into account what you calculated in part A., how much, if any, ordinary income, net 1231 gain or loss, and unrecaptured 1250 gains, will Rod report to the IRS for 2019?