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Bob sold a capital property on December 31, 2022 for $300,000 with $20,000 paid in cash and $280,000 payable December 31, 2023. The ACB
Bob sold a capital property on December 31, 2022 for $300,000 with $20,000 paid in cash and $280,000 payable December 31, 2023. The ACB of the property was $170,000 and the selling costs totaled $10,000. Which one of the following amounts represents the minimum taxable capital gain required to be included in income for the 2022 taxation year? Enter your answer in the field below and round your answer to the nearest whole dollar. Do not include commas or $ in your numerical response. For example, do not enter $1,000. Enter 1000. Answer: 12000
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