What is the impact on his taxable income

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Question: Nick has sold his couch online for $600. He bought it 12 years ago for $1,500. What is the impact on his taxable income?

Reference no: EM133538223

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What is the impact on his taxable income : Nick has sold his couch online for $600. He bought it 12 years ago for $1,500. What is the impact on his taxable income?

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