Question has 6 parts all together Pl:13-39 (similar to) Consider the following summary...
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Accounting
Question has 6 parts all together
Pl:13-39 (similar to) Consider the following summary of Sec. 1231 gains and losses recognized by Julie during the period 2014-2019. Julie had no nonrecaptured Sec. 1231 losses at the beginning of 2014. (Click on the icon to view the Sec. 1231 gains and losses.) Requirement if Julie has no capital gains and losses during the six-year period, determine her net capital gain and ordinary income/loss for each year. Determine the Sec. 1231 gain or loss for each year and enter the amount(s) in the appropriate type of income column. Note that you can enter more than one amount for each year. (If an input field is not used in the table leave the input field(s) empty; do no enter a zero. Abbreviations used; NLTCG = net long-term capital gain, NLTCL = net long-term capital loss.) NLTCG Ordinary Income Ordinary Loss NLTCL 2014 Sec. 1231 Gains Sec. 1231 Losses 2014 $ 8,000 29,400 2015 2016 10,600 $ 25,000 14,000 10,100 25,300 15,500 22,200 5,000 2017 2018 13,300 21,600 2019
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