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The following assets in Bo Peeps business were sold in 2018: Asset Office Equipment ATV Stock (capital asset) Holding Period

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Answer #1
LTCG $1,400 and Ordinary Income $300
Long Term Capital Gain on Stocks (3200-1800) 1400
Ordinary Income
Office Equipment (Fully Depreciated) 1100
ATV (1200-2000) (Only 8 motns old) -800
300
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