5. Taryn sold a sculpture for $6,000 on 1 January 2020, she bought it on December 1994 for $1,500 Advise the Capital Gain Tax Consequences for the above transactions, please have a look at the matrix below on how to answer the question

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Q: Taryn sold a sculpture for $6,000 on 1 January 2020, she bought it on December 1994 for $1,500.use…

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Q: bought

A: sale price of a sculpture = $6,000 cost of a sculpture = $1500

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