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What is amount of net taxable capital gains to be reported

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XYZ realized the following gains and losses in the current year:

Gain on sale of public company shares $24,000

Gain on sale of listed personal property 1,000

Gain on sale of personal-use property 3,000

Loss on sale of small business corporation shares (4,000)

Loss on sale of listed personal use property (2,000)

Loss on sale of personal-use property (1,000)

Problem 1: What is the amount of net taxable capital gains to be reported for the current year?

Reference no: EM132809490

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