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Hannah has provided you, her tax adviser, with the following information: She sold a high-end television for $10,000. The television had been purchased less than
Hannah has provided you, her tax adviser, with the following information: She sold a high-end television for $10,000. The television had been purchased less than a year ago for $7,000. She sold an imported dining set for $20,000. The dining set had been purchased by her only 2 months ago for $15,000. The buyer did not want to go through the hassle of importing the dining set and was willing to pay a premium. What is Hannah's net capital gain or loss in relation to the above information? O Net capital gain of $4,000. None of the options Net capital gain of $8,000. Net capital gain of $5,000. Net capital gain of $2,500
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