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1) In the current year, Valerie Khan disposed of the following personal items: Car Proceeds $1,500 Cost $6,000 Jewelry 200 1,200 Oil painting 2,000
1) In the current year, Valerie Khan disposed of the following personal items: Car Proceeds $1,500 Cost $6,000 Jewelry 200 1,200 Oil painting 2,000 800 Antique table 1,800 900 Valerie has an unclaimed capital loss on listed personal property of $3,000 that was incurred five years ago. Determine Valerie's net taxable capital gains to be reported for the current year.
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