Question: Module 7 Homework eBook Problem 8-35 (c) (LO. 6) Salvador has the following net 1231 results for each of the years shown: Tax Year

Module 7 Homework eBook Problem 8-35 (c) (LO. 6) Salvador has the following net 1231 results for each of the years shown: Tax Year Net 1231 Loss Net 1231 Gain 2014 ($88,000) 2015 ($21,000) 2016 ($7,000) 2017 $76,000 2018 $49,000 $26,000 2019 What would be the nature of the net gains in 2017, 2018, and 2019? If an amount is zero, enter "0". Amount Amount Total Treated as Treated as Net 1231 Ordinary Long-Term Gain Income Capital Gain 2017 $76,000 $ 2018 $49,000 2019 $26,000 000

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