1. When you dispose of a property and end up with a gain or a loss, it may be treated in one of 2 ways. What are they?
2. When you dispose of personal-use property, you usually do not have a capital gain. Why not?
3. To calculate any capital gain or loss, you need to know the following 3 amounts:
   1. the proceeds of disposition
   2. the adjusted cost base (ACB)
   3. the outlays and expenses incurred to sell your property

Using these three amounts, what is the formula to calculate your capital gain or loss?

4. Capital Gains are reported on Schedule 3. What line does the sale of Personal Use Property go on?