Larsen LLC (single member LLC) had the following items during 2020: Casualty loss on business building held five years ($ 5,000) Loss on sale of machinery held three years ($4,000) Realized gain on sale of equipment held four years; depreciation taken was $3,000 $9,000 Net short-term capital loss ($1,500)   What is Larson’s result for 2020?     What is Larson’s result for 2020 if there was a Sec. 1231 loss in 2019 of ($1,200)?

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.