Jeremy Has $18,000 of Section 1231 Gains and $23,000 of Section

Jeremy has $18,000 of Section 1231 gains and $23,000 of Section 1231 losses. The gains and losses are characterized as

A) $$\begin{array} { | l | l | l | l | } \hline \text { Capital Gain } & \text { Capital Loss } & \text { Ordinary Income } & \text { Ordinary Loss } \\\hline & & \$ 18,000 & \$ 23,000 \\\hline\end{array}$$
B) $$\begin{array} { | l | l | l | l | } \hline \text { Capital Gain } & \text { Capital Loss } & \text { Ordinary Income } & \text { Ordinary Loss } \\\hline \$ 18,000 & & & \$ 23,000 \\\hline\end{array}$$
C) $$\begin{array} { | l | l | l | l | } \hline \text { Capital Gain } & \text { Capital Loss } & \text { Ordinary Income } & \text { Ordinary Loss } \\\hline \$ 18,000 & \$ 23,000 & & \\\hline\end{array}$$
D) $$\begin{array} { | l | l | l | l | } \hline \text { Capital Gain } & \text { Capital Loss } & \text { Ordinary Income } & \text { Ordinary Loss } \\\hline \$ 18,000 & \$ 3,000 & & \$ 20,000 \\\hline\end{array}$$