Ryland Co. sold several assets in 2020, all of which were Sec. 1231 assets that were considered tangible personal property. After applying depreciation recapture and netting the Sec. 1231 gains and losses from the different assets, the company determined that it had a remaining net Sec. 1231 gain of $200,000. Year Overall Net Sec. 1231 loss Portion of these net Sec. 1231 losses left unrecaptured by net. Sec. 1231 gains that occurred before 2020 begins 2014 ($55,000) ($25,000) 2015 None Not applicable 2016 ($105,000) ($50,000) 2017 None Not applicable 2018 ($150,500) ($150,500) 2019 ($107,500) ($107,500)

a) Fill in the blank: If the company had the above amount of net Sec. 1231 gain (losses) occur in the past, the amount of the $200,000 gain characterized as ordinary income is $_______. Reminder: If the amount represents gain, this is entered as a positive value (e.g. syntax: a $5,000 gain amount should be entered as 5000) whereas if the amount represents a loss this is entered as a negative value (e.g. syntax: a $5,000 loss amount should be entered as -5000).

B)

C) Fill in the blank: The portion of these net Sec. 1231 losses left unrecaptured by net Sec. 1231 gains after 2020 ends for 2016 is $_______.Reminder: If the amount represents gain, this is entered as a positive value (e.g. syntax: a $5,000 gain amount should be entered as 5000) whereas if the amount represents a loss this is entered as a negative value (e.g. syntax: a $5,000 loss amount should be entered as -5000).

d) Fill in the blank: The portion of these net Sec. 1231 losses left unrecaptured by net Sec. 1231 gains after 2020 ends for 2018 is $_______.Reminder: If the amount represents gain, this is entered as a positive value (e.g. syntax: a $5,000 gain amount should be entered as 5000) whereas if the amount represents a loss this is entered as a negative value (e.g. syntax: a $5,000 loss amount should be entered as -5000).

f)Fill in the blank: The portion of these net Sec. 1231 losses left unrecaptured by net Sec. 1231 gains after 2020 ends for 2019 is $_______.Reminder: If the amount represents gain, this is entered as a positive value (e.g. syntax: a $5,000 gain amount should be entered as 5000) whereas if the amount represents a loss this is entered as a negative value (e.g. syntax: a $5,000 loss amount should be entered as -5000).

Please show explanation

Fill in the amount of unrecaptured net Sec. 1231 losses for each of the years below after completing the look-back rule for the $200,000 of net Sec. 1231 gain in part a). Year Portion of these net Sec. 1231 losses left unrecaptured by net. Sec. 1231 gains after 2020 ends 2014 2016 12018 2019 Fill in the blank: The portion of these net Sec. 1231 losses left unrecaptured by net Sec. 1231 gains after 2020 ends for 2014 is $ Reminder: If the amount represents gain, this is entered as a positive value (e.g. syntax: a $5,000 gain amount should be entered as 5000) whereas if the amount represents a loss this is entered as a negative value (e.g. syntax: a $5,000 loss amount should be entered as -5000)