Question

Lena is a sole proprietor. In April of this year, she sold equipment purchased four years ago for $51,800 with an adjusted basis of $31,080 for $34,188. Later in the year, Lena sold another piece of equipment purchased two years ago with an adjusted basis of $15,540 for $10,101. What are the tax consequences of these tax transactions

Answer 1

I don’t know but good luck