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Brent Sold His Personal Car and Some Household Furniture During

Question 30

Multiple Choice

Brent sold his personal car and some household furniture during the year.He had a $3,000 gain on the car but a $5,000 loss on the furniture.What is his recognized gain or loss included in taxable income as a result of these sales?


A) 0
B) $2,000 loss
C) $3,000 gain
D) $5,000 loss

Correct Answer:

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