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Question 3 (6 marks) In January 2020, Ms. Bea Sharp sold a number of personal assets all of which she had acquired in the past
Question 3 (6 marks) In January 2020, Ms. Bea Sharp sold a number of personal assets all of which she had acquired in the past five years: Automobile Coin Collection Rare manuscript Boat Painting Anlique vluck Cost $27,000 1,600 1,700 4,500 700 800 Proceeds of Sale $25,000 1,300 800 3,500 1.100 1,700 Required: Calculate the net taxable capital gain that Ms. Sharp will have to include in her income for 2020. Indicate any amounts that may be available for carry over to other years. Be sure to explain this
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