2. Where would Kims net taxable capital gains go in the Section 3 ordering rule and where in the ITA would you find items that qualify as listed personal properties?
3. Is Kim able to carry forward her personal use property losses?
4. If you were Kims accountant, what would you advise her to do with her losses?

Kim and her husband owned the following assets that they purchased throughout the years which were all under Kim's name. Assets: ACB Mercedes Benz CLA 250 $58,000 Lexus IS 300* $49,500 BMW X5 $85,680 Kim's engagement ring $29,850 Mario Lemieux signed jersey $900 Rare, first edition book collection by Stephen King: $350 *the Lexus was supplied by Kim's employer which she uses only for work. Kim had to sell the following assets in 2020 because she had lost her job and needed the cash. Proceeds of Assets: Disposal Selling costs Mercedes Benz CLA 250 $34,000 $500 BMW X5 $22,000 $750 Kim's engagement ring $35,000 Mario Lemieux signed Jersey $1,500 Rare book collection by Stephen King $500 Kim's employer sold her Lexus IS 300 $35,000 1. Calculate Kim's net taxable capital gains for 2020? Kim and her husband owned the following assets that they purchased throughout the years which were all under Kim's name. Assets: ACB Mercedes Benz CLA 250 $58,000 Lexus IS 300* $49,500 BMW X5 $85,680 Kim's engagement ring $29,850 Mario Lemieux signed jersey $900 Rare, first edition book collection by Stephen King: $350 *the Lexus was supplied by Kim's employer which she uses only for work. Kim had to sell the following assets in 2020 because she had lost her job and needed the cash. Proceeds of Assets: Disposal Selling costs Mercedes Benz CLA 250 $34,000 $500 BMW X5 $22,000 $750 Kim's engagement ring $35,000 Mario Lemieux signed Jersey $1,500 Rare book collection by Stephen King $500 Kim's employer sold her Lexus IS 300 $35,000 1. Calculate Kim's net taxable capital gains for 2020