Only answer number 4. thanks,

T-4. Which of the following sections is the controlling section with respect to the result in question 5?

a. Code Section 1001(a)

b. Code Section 165(a)

c. Code Section 165(c)

d. Code Section 1211(b)

5. On June 10, 2019 Jessica sold her personal use automobile for $20,000. She purchased the car two years earlier for $17,000. The car increased in value due to its excellent mileage and safe design. How much is Jessicas recognized gain or loss?

Answer to Number 5 is $3,000 gain