Amber Industries (a sole proprietorship) sold three § 1231 assets during 2018. Data on these property dispositions are as follows:
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a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset. If an amount is zero, enter 0.
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Amber has $ of ordinary income due to § 1245 recapture. Additionally, she has $ of net § 1231 gain .
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b. Assuming that Amber has $5,000 non-recaptured net § 1231 losses from the five prior years, analyze these transactions and determine the amount (if any) that will be treated as a long-term capital gain.
