Which of the following statements about personal use property is NOT correct? 1 Losses on the disposition of personal use property can be deducted to the extent of gains on the disposition of personal use property 2 When losses on listed personal property are carried forward, they can be deducted to the extent of gains on the disposition of listed personal property. 3 An antique chest would be classified as personal use property. 4 The minimum value for both the proceeds of disposition and the adjusted cost base of personal use property that is being sold is $1,000