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Asset | Capital Gain / Loss Sailboat: 1 3 , 0 0 0 Speedboat: - 2 2 , 5 0 0 Principal Residence: 1 4
AssetCapital GainLoss
Sailboat:
Speedboat:
Principal Residence:
Vacant Land:
Big Pharma Shares:
PC Shares:
Gold Ring:
West Shares:
Principal residence information: : The home was the principal residence for Dr and his former spouse for years, ending in the current taxation year. Last year, Dr sold his cabin at the lake, which he claimed as his principal residence for two taxation yearsthe cabin at the lake was designated as Drs principal residence for the two most recent taxation years. Therefore, this home cannot be claimed as Drs principal residence for those years.
Calculate the net taxable capital gain for Dr for the current year:
Answer is $
Please tell me how this answer was reached.
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