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White Corporation's first disposition of a Section 1231 Asset occurred in 2016. Fill in the table below to indicate the character of White's Net 1231
White Corporation's first disposition of a Section 1231 Asset occurred in 2016. Fill in the table below to indicate the character of White's Net 1231 Gain/losses) for the period 2016-2020. Year Sec 1231 Gains Sec 1231 Losses $10,000 $8,000 Ordinary Income Capital Gain 2016 2017 $10,000 $15,000 2018 $6,000 $5,000 2019 $9,000 $3,000 2020 $2,000 $8,000
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