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d. 17. Josie sells her personal use automobile for $20,000. She purchased the car three years ago for $17,000. What is Josie's recognized gain
d. 17. Josie sells her personal use automobile for $20,000. She purchased the car three years ago for $17,000. What is Josie's recognized gain or loss? a. $0 b. $12,000 c. $3,000 d. ($13,000) 18. On May 2, 2021, Susan placed in service a new sports utility vehicle that cost $60,000 and has a gross vehicle weight of and 40% for personal use. Determine Susan's total cost recovery for 2021.
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