Match the transaction to its classification as capital gain or loss or ordinary gain or loss. Taxpayer is a furniture store with $ 100,000 in accounts receivable. The furniture store sells its accounts receivable to a collection agency for $ 60,000. The tax base of accounts receivable is $ 0. Cho Taxpayer is dedicated to the sale of electronic goods. Within your inventory, you have equipment that is more than one (1) year old which is no longer selling at expected levels. That inventory cost him $ 75,000 and has a suggested retail price of $ 125,000. However, a business Cho in South America offered him $ 60,000 for said inventory, which is in high demand in his country. Taxpayer accepted the offer and sold the inventory to him. Taxpayer is an individual who purchased a home in 20x1 for $ 100,000. The house was the Cho Taxpayer's main residence until the day of its sale in 20X3. The house was sold for $ 150,000. Taxpayer is an individual who purchased a home in 20x1 for $ 100,000. The house was the Cho Taxpayer's main residence until the day of its sale in 20X3. The house was sold for $ 75,000. Taxpayer is an individual who collects works of art. In 20X1 he purchased a painting by a world Cho famous artist for $ 15,000. In 20X3, Taxpayer sold said artwork for $ 35,000