Song Mitz sold the following assets in 2020: Sales Price Cost Capital...
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Accounting
Song Mitz sold the following assets in 2020:
Sales Price Cost Capital Gain / (Loss)
Diamond Necklace $1,200 $ 600
Rare Book 1,800 1,200
Coin Collection 900 600
Vintage Car 16,500 17,000
Calculate Mitz's taxable capital gain, net of allowable capital losses, for tax purposes in 2020?
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