Question

Fill in the blanks. Do not leave any responses blank. Blue, Inc. began operations in 2015....

Fill in the blanks. Do not leave any responses blank.

Blue, Inc. began operations in 2015. Fill in the table below to indicate the character of Blue, Inc.’s Net 1231 Gains/(Losses) for 2015-2019.

Year

Sec 1231 Gains

Sec 1231

Losses

Ordinary Income <Loss>

Capital Gain <Loss>

2015

$20,000

$12,000

2016

$14,000

$4,000

2017

$11,000

$16,000

2018

$6,000

$4,000

2019

$10,000

$3,000

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