During the current year, Jack Cheung disposes of several items of his personal property. Relevant information on these properties is as follows

Adjusted Cost Base Proceeds Of Disposition

Coin Collection $ 18,000 $ 11,500

Sailboat 46,000 56,000

Antique Sports Car 24,000 12,000

Group Of Seven Painting 142,000 145,000

What is the net tax consequence of these dispositions and indicate what is the Jack's total taxable capital gain for the year? Please show your calculation

Is there any loss from these dispositions? If so, please indicate how much it is with your calculation and how you can use it to reduce any tax payable by considering carry forward or carry back the loss.