evon corporation which was formed in 2004 had 50 000 of net sec 1231 gain for its 20 625344
Evon Corporation, which was formed in 2004, had $50,000 of net Sec. 1231 gain for its 2007 calendar year. Its net Sec. 1231 gains and losses for its three preceding tax years were as follows:
|
Year |
Sec. 1231 results |
|
2004 |
Gain of $10,000 |
|
2005 |
Loss of $15,000 |
|
2006 |
Loss of $20,000 |