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Sale of a boat on 5/15/2018 for $10,000 used for personal recreation (originally purchased for $20,000 on 6/15/2013) Question: (1) What is it? GAIN or

Sale of a boat on 5/15/2018 for $10,000 used for personal recreation (originally purchased for $20,000 on 6/15/2013)

Question: (1) What is it? GAIN or LOSS?

2/ In case, is it ADDITIONAL INCOME to Gross Income?

3/ can it be deductible?

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