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Harold Holdings disposed of the following personal capital items during 2020. Proceeds Cost Jewelry $2,000 $ 900 Antique chair 3,800 2,400 Bicycle 800 1,300 Painting

Harold Holdings disposed of the following personal capital items during 2020.

Proceeds Cost

Jewelry $2,000 $ 900

Antique chair 3,800 2,400

Bicycle 800 1,300

Painting 700 200

Coins 1,600 1,400

Harold has a listed personal property loss carried forward from 2017 of $200.

REQUIRED:

Calculate Harold’s taxable capital gain for the 2020 taxation year.

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