Taxpayer had the following net 1231 results for each of the years shown. What would be the nature of the net gains in 2018, 2019 and 2020 (i.e., ordinary income or long-term capital gain)? If applicable, show work to indicate which Unrecaptured Section 1231 loss is used to recharacterize each Section 1231 gain.

Tax Year Net 1231 Loss Net 1231 Gain

2015 $18,000

2016 $33,000

2017 $42,000

2018 $41,000

2019 $30,000

2020 $41,000