$1-$ You have a $1040$ walk$-$in client. The client purchased a car for $$30,000$ several years ago for personal use. This tax year, he sold his car to his friend for $$20,000.$ What is the tax impact?

$2-$ You have a $1040$ walk$-$in client. The client purchased a car for $$30,000$ several years ago for personal use. This tax year, he sold his car to his friend for $$40,000.$ What is the tax impact?