What are tax implications attributable to the sales, Taxation

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What are tax implications attributable to the sales

Response to the following problem:

Rebecca sells her personal scooter for $550. She purchased the scooter for $700 three years ago. In addition, Rebecca sells a painting for $1,200 that she acquired five years ago for $900. What are the tax implications attributable to these sales?

Show all work and calculations.

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Taxation: What are tax implications attributable to the sales

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Taxation: What are tax implications attributable to the sales

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