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Sec. 1231 Gains Sec. 1231 Losses 2016 EA $ 10,300 $ 7,500 2017 22,000 26,400 2018 14,500 22,100 2019 12,500 4,700 2020 22,800 14,000 2021
Sec. 1231 Gains Sec. 1231 Losses 2016 EA $ 10,300 $ 7,500 2017 22,000 26,400 2018 14,500 22,100 2019 12,500 4,700 2020 22,800 14,000 2021 15,500 21,600 Consider the following summary of Sec. 1231 gains and losses recognized by Jackie during the period 2016-2021. Jackie had no nonrecaptured Sec. 1231 losses at the beginning of 2016. (Click on the icon to view the Sec. 1231 gains and losses.) Requirement If Jackie has no capital gains and losses during the six-year period, determine her net capital gain and ordinary income/loss for each year. Determine the Sec. 1231 gain or loss for each year and enter the amount(s) in the appropriate type of income column. Note that you can enter more than one amount for each year. (If an input field is not used in the table leave the input field(s) empty; do no enter a zero. Abbreviations used; NLTCG = net long-term capital gain, NLTCL = net long-term capital loss.) NLTCG 2016 NLTCL Ordinary Income Ordinary Loss
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