Question: Morgan's Water World ( MWW ) , an LLC , opened several years ago. MWW has reported the following net 1 2 3 1 gains

Morgan's Water World (MWW), an LLC, opened several years ago. MWW has reported the following net 1231 gains and losses since it began business. Net 1231 gains shown are before the look-back rule.
\table[[,Year,Net $1231 Gains/(Losses)],[Year 1,$(11,000),],[Year 2,5,000,],[Year 3,(21,000),],[Year 4,(4,000),],[Year 5,17,000,],[Year 6,$,(43,000)
Morgan's Water World ( MWW ) , an LLC , opened

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