Corporation Q, a calendar year taxpayer, has incurred the following Section 1231 net gains and losses since its formation in 2013.

a. In 2016, Corporation Q sold only one asset and recognized a $4,000 Section 1231 gain. How much of this gain is treated as capital gain and how much is ordinary?
b. In 2017, Corporation Q recognized a $16,700 Section 1231 gain on the sale of one asset and a $2,000 Section 1231 loss on the sale of a second asset. How much of the $14,700 net gain is treated as capital gain and how much is ordinary?

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2013 2014 2015 Section 1231 gains Section 1231 losses Net gain or (loss) $ 14,800 (13,000) $ 1,800 $ 5,700 (9,000) $(3,300) -0- $(3,100) $(3,100)