In 2015, Jim had a $5,000 net Section 1231 gain. In 2017, Jim reported a Section 1231 loss of $12,000. In 2018, Jim has a $15,000 net Section 1231 gain. He had no other sales of property in 2018. What is Jim's ordinary income from his 2018 property transactions?
A)$- 0 -
B)$7,000
C)$3,000
D)$12,000
E)$15,000

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The Answer of In 2015, Jim had a $5,000 net Section 1231 gain. In 2017, Jim reported a Section 1231 loss of $12,000. In 2018, Jim has a $15,000 net Section 1231 gain. He had no other sales of property in 2018. What is Jim's ordinary income from his 2018 property transactions?
A)$- 0 -
B)$7,000
C)$3,000
D)$12,000
E)$15,000

In 2015, Jim Had a $5,000 Net Section 1231 Gain