Tina disposed of a painting on 1 July 2014 for $500,000 which she had bought February 1998 for $350,000. She also sold an investment property for $310,000 in December 2014 and incurred agency fees of $15,000 on the disposal. She had bought the property in August 1999 for $200,000. In addition she sold an antique vase in January 2015 for $10,000. The vase had cost her $15,000 in December 2012. Tina had capital loss of $12,000 in 2013 and $6,000 in 2014 that were not utilized in 2015; in addition to these losses she has loss of $9,000.00 in 2015. Prior to the decision of disposing of the property, she made repairs of $20,000 in 2014, and had annual maintenance of $30,000 in 2015 on the property.

Using the 2 steps system template to determine Tinas capital gains status for 2013 to 2015