d) TT Company 15, 2019 August 1, 2019 January 16, 2020 July 31, 2020 David had gains/losses from the sale of the following items. David did not elect to treat the song as a capital asset. How much is his net capital gain/loss? Property Sold Sale of his main home purchased three years ago: Sale of songs written by him one year ago: Sale of stocks held for investment: Sale of his jewelry inherited from his mother: Gain/Loss ($ 65,000) $2,500 $ 15,500 $ 28,000 a) ($19,000) b) $43,500 c) $46,000 d) $15,500 Which of the following statements is correct regarding capital gain distributions