STOCKS AND OTHER CAPITAL GAINS: (ROBERT) (Line 127) Sched 3 SOLD HIS LPP-Painting FOR $8,000 WHICH COST HIM $2,000 TO PURCHASE SOLD ABC SHARES - COST $40,000; PROCEEDS $60,000 PRIOR YEARS' UNUSED ALLOWABLE CAPITAL LOSSES $5,000 (2016) (Hint: use Line 253) INVESTMENT INTEREST EXPENSE - $2,500. (Line 221, Schedule 4)