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An individual had the following transactions during 2022 and 2023: item description date proceeds adjusted cost base 1 Sold 1,000 shares of stock A 12

An individual had the following transactions during 2022 and 2023:

item

description

date

proceeds

adjusted cost base

1

Sold 1,000 shares of stock A

12 Mar 2022

8,000

6,800

2

Sold 800 shares of stock B

23 Oct 2022

3,000

7,100

3

sold jewellry

02 Feb 2023

2,200

900

4

sold designer furniture

11 Apr 2023

650

900

5

sold stamp collection

19 May 2023

800

1,900

6

sold sailboat

08 Jul 2023

18,000

23,000

7

sold old piano

12 Nov 2023

29,000

17,000

Assume that the individual makes the maximum use of capital losses when they arise.

What effect would the above transactions have on the individual's 2023 taxable income?

        

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