During the 2020 tax year David advises you that he sold the following assets:
1. A rare coin for $6,000. He purchased the coin 10 years ago for $2,000.
2. A caravan for $10,000. He purchased the caravan 9 years ago for $8,000.
3. Shares in public companies for $10,000. He purchased these shares 11 months ago for $8,000.
4. Cartier watch for $8,000. He was given this watch by his employer 2 months ago for his good service. The market value of the watch at the time David was given the watch was $8,000.
What is David's net capital gain for the 2020 year?

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The Answer of During the 2020 tax year David advises you that he sold the following assets:
1. A rare coin for $6,000. He purchased the coin 10 years ago for $2,000.
2. A caravan for $10,000. He purchased the caravan 9 years ago for $8,000.
3. Shares in public companies for $10,000. He purchased these shares 11 months ago for $8,000.
4. Cartier watch for $8,000. He was given this watch by his employer 2 months ago for his good service. The market value of the watch at the time David was given the watch was $8,000.
What is David's net capital gain for the 2020 year?

During the 2020 Tax Year David Advises You That He