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Mr . Smith decided to have a garage sale. As it turned out, this was his lucky day. Five years ago he bought a couch

Mr. Smith decided to have a garage sale. As it turned out, this was his lucky day. Five years ago he bought a couch for $600, and at the garage sale he sold it for $1,200. The buyer claimed that it was a rare antique couch that she had been looking for. Which one of the following statements is correct for 2018?-couch is considered personal use propertyy and capital gain 200
-ciuch considered personal use property capital gain 600
-couch is to be a listed persinal propert capial gain200
-couch is listed personal use property and capitak gsin 600

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