Question: Problem 8-34 (LO. 6) Geranium, Inc., has the following net 1231 results for each of the years shown: Tax Year Net 1231 Loss Net

Problem 8-34 (LO. 6) Geranium, Inc., has the following net 1231 results for each of the years shown: Tax Year Net 1231 Loss Net 1231 Gain 2018 $18,000 2019 33,000 2020 42,000 2021 $41,000 2022 30,000 2023 41,000 What is the nature of the net gain in 2022 and 2023? If an amount is zero, enter "0". Total Net 1231 Amount Treated as Amount Treated as Ordinary Long-Term Gain Income Capital Gain 2022 30,000 2023 41,000

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