Business, 11.10.2019 02:20 dnarioproctor

Bailey stood in line for hours and purchased the new game system the day it became available for $600. knowing that there was a high demand for the game system and a limited supply, she decided to put the item on e-bay rather than keep it. she sold it for $950. she also sold her five-year old car for $5,000. she had purchased the car for $13,000. what is the taxable nature of these transactions?

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Bailey stood in line for hours and purchased the new game system the day it became available for $60...