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Mira has provided you, her tax adviser, with the following information: She sold an antique table for $2,200. The table was purchased 6 months ago
Mira has provided you, her tax adviser, with the following information: She sold an antique table for $2,200. The table was purchased 6 months ago for only $200 as the seller did not realise that it was an antique. She sold a painting for $5,000. The painting had been purchased 9 months ago for $10,000. What is Mira's net capital gain or loss in relation to the above information? None of the options Net capital gain of $2,000. Net capital loss of $3,000. Net capital gain of $1,000. O Net capital loss of $5,000
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