During the 2020 tax year Matthew advises you that he sold the following assets:
1. A painting for $6,000. He purchased the painting 3 years ago for $10,000.
2. A piano for $9,000. He purchased the piano 10 years ago for $5,000.
3. Shares in public companies for $20,000. He purchased these shares 5 years ago for $10,000.
4. Jewellery for $3,000. He purchased this jewellery for $8,000 6 years ago.
What is Matthew's net capital gain for the 2020 year?

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The Answer of During the 2020 tax year Matthew advises you that he sold the following assets:
1. A painting for $6,000. He purchased the painting 3 years ago for $10,000.
2. A piano for $9,000. He purchased the piano 10 years ago for $5,000.
3. Shares in public companies for $20,000. He purchased these shares 5 years ago for $10,000.
4. Jewellery for $3,000. He purchased this jewellery for $8,000 6 years ago.
What is Matthew's net capital gain for the 2020 year?

During the 2020 Tax Year Matthew Advises You That He