Khalid sells two personal use assets during the taxable year. A gain of $6,000 is realized on the sale of one asset and a loss of $2,000 is realized on the sale of the other asset. What is the recognized gain or loss?
A)$0.
B)$4,000.
C)$6,000.
D)($2,000).
E)None of the above.

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The Answer of Khalid sells two personal use assets during the taxable year. A gain of $6,000 is realized on the sale of one asset and a loss of $2,000 is realized on the sale of the other asset. What is the recognized gain or loss?
A)$0.
B)$4,000.
C)$6,000.
D)($2,000).
E)None of the above.

Khalid Sells Two Personal Use Assets During the Taxable Year