Suncatcher made $150,000 of estimated tax payments for 2018. The property transaction loss of

$8,000 is made up of the following transactions (Suncatcher has no prior year net 1231 losses):

1. Sale of machinery on 11/19/18 (originally purchased on 10/6/13) for $33,000. It was purchased for $140,000 and $115,020 of depreciation had been claimed through the date of disposition.

2. Sale of office equipment on 1/22/18 (originally purchased on 11/14/16) for $2,000. It was purchased for $38,000 and $23,408 of depreciation had been claimed through the date of disposition.

3. Sale of a warehouse on 7/11/18 (originally purchased on 4/2/11) for $520,000. It was purchased for $500,000 and depreciation of $92,960 had been claimed through the date of disposition.

4. Sale of computer equipment on 7/19/18 (originally purchased on 11/14/17) for $14,600. It was purchased for $20,000 and $11,111 of depreciation had been claimed through the date of disposition.

5. Sale of a 200-acre parcel of land on 6/7/18 that had been held for business expansion. A change in zoning had rendered the parcel useless for the business. The sales price was $275,000. It was purchased for $350,000 on 5/22/13 (Note: assume this is a 1231 asset).

6. Sale of 2,000 shares of Timbuktoo.com on 11/6/18 for $3,700. The stock was purchased on 12/9/15 for $38,400.

7. Sale of 3,000 shares of Genentech, Inc. on 9/18/18 for $2,200. The stock was purchased on 2/16/18 for $14,599.