Your client has the following properties which they have disposed of in 2020.

	ACB	Proceeds
Boat	$           1,000	$           1,800
Jewelry	$              600	$           1,300
Sculpture	$          3,600	$              700
Freezer	$              250	$              650
Shares - public company	$        17,000	$        21,000
Shares - private company	$        15,000	$        12,000

The client has a listed personal property (LPP) loss carryover from three years prior of $1,100 (100%).

Required:

Determine and discuss the tax implications of the transactions for 2020.