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please help lack and June are retired and receive $10,000 of social security benefits and taxable pensions totaling $25,000. They have been offered $20,000 for

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lack and June are retired and receive $10,000 of social security benefits and taxable pensions totaling $25,000. They have been offered $20,000 for an automobile that they restored after they retired. They did most of the estoration work themselves and the sale will result in a gain of $12,000. What tax issues should Jack and June consider? (Check all that apply.) B. The gain from the sale of the automobile will be taxable. Because Jack and June are retired, they will not be eligible to treat this gain as a capital gain. C. Jack and June do not have any taxable income since they are retired D. The gain from the sale of the automobile will be tax-exempt because it is considered hobby income

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