tracy owns a truck costing $18,000 and used for personal activities. The truck has a $9300 FMV when it is transferred to her business, which is operated as a sole proprietorship.

A. What is the basis of the truck for determining depreciation?

The basis of the truck for determining depreciation is $9300 (I can answer A).

B. What is Tracy's realized gain or loss if the truck is sold for $6000 after claiming depreciation of $2000?

Tracy will realize a $_____ gain or loss