This year, Jeff has the following Capital Gains/Loss transactions: 1. Sold ABC Shares: Proceeds was $4,000, Cost was $2,000 2. Sold LPP Assets: Proceeds was $5,000, Cost was $500. 3. Sold XYZ Shares: Proceeds was $7,000, Cost was $15,000 This year, Jeff will report is Minimum Taxable Capital Gains on Line 127000 to be: ($1,500) SO O $3,000 $(2,000)