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Maria is an investor aged 6 8 and over the years has acquired and disposed off several assets. She has kept records of all these
Maria is an investor aged and over the years has acquired and disposed off several assets. She has kept records of all these transactions. As a result of these disposals, she made several capital gains and losses:
$
Sale of online gift store Eternity Gifts
Loss on disposal of delivery van
Gain on disposal of vacant block of land acquired Purchased for $ and sold for
Gain on sale of shares in ABC
Loss on sale of shares in Rio
Loss on disposal of Jet ski cost $
Loss on disposal of antique watch cost $
Gain on disposal of investment property acquired
Purchased Crypto for $ on and value on is $ as per the exchange.
Capital losses carried forward from previous years:
Loss on disposal of painting
Loss on disposal of shares
Lost his trailer parked outside the house cost $ purchased on
She also received $ on a disposal of her old Aluminum windows during the year.
She has donated her years old Piano to a museum, market value of Piano is $ which she received from her grandmother as her wedding present.
All assets, other than the land, had been owned by Maria for more than months and had been acquired since December
Required:
Calculate the net capital gains that Maria should include in her tax return for the year
ended June and any losses that can be carried forward to future years?
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