Basil Solomon disposed of certain capital investments during the year, as follows.

1. Sale of a luxury rental condominium in December, 2019 for proceeds of $1,075,000. Basil had paid $708,000 in January, 2019 to acquire this property, but had been unable to rent it during the year. In order to facilitate the sale, Basil took back a mortgage in the amount of $525,000 for 5 years @ 8%. The mortgage calls for annual capital and interest payments beginning in 2020. Basil paid $59,000 in commission costs.

2. Sale of various personal capital items during 2019.

• Jewelry sold 2000, cost 800
• Antique chair sold 3600, cost 2200
• Bicycle sold 700, cost 1200
• Painting sold 900, cost 600
• Coins sold 1600 cost 1400

Basil has a listed personal property loss carried forward from 2015 of $200

REQUIRED:

Calculate Basil's taxable capital gain for each disposition of capital property.