LO.6 Geranium, Inc., has the following net 1231 results for each of the years shown. What is

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LO.6 Geranium, Inc., has the following net 1231 results for each of the years shown. What is the nature of the net gain in 2017 and 2018? Tax Year Net 5 1231 Loss Net 5 1231 Gain $18,000 2013 2014 33,000 2015 42,000 2016 $41,000 2017 30,000 41,000 2018

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