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20. Ivan sells two personal-use assets during the taxable year. He realizes a gain of $3,000 on the sale of one asset, and realizes a
20. Ivan sells two personal-use assets during the taxable year. He realizes a gain of $3,000 on the sale of one asset, and realizes a loss of $5,000 on the sale of the other asset. What net amount of recognized gain or loss will be included in Ivan's taxable income as a result of the sale? a. $0 b. $2,000 loss c. $3,000 gain d. $5,000 loss
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