Telicia is a single taxpayer purchased a famous painting for 69000. Several years later, she sold...
Homework Answers
The long term Capital gains are would be from the selling collectibles such as the coins or art are would be taxed at the rate of 28%.
Since, the painting is sold subsequent to holding it for quite a long while, the increases at a bargain of such resource goes under long haul capital gain.Sale of painting goes under the classification of closeout of craftsmanship, So the capital gain at a bargain of paintings is 28%.
Therefore The answer was 28%
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Telicia is a single taxpayer purchased a famous painting for 69000.
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uestion 27 of 75 r bought alocal artist's painting for S2.100. Several yea s later, Ben sold it for $2.7 e picture will be taxed at The year Ben sold the painting, he as in the 15% tax bracket. Ben's gain on 15% 25% 28% 33% Mark for follow up
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standard deduction to calculate 2018 taxable income. In addition,
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years for a net profit of $4,700. How much does Jenna owe to the
IRS for taxes? Do not round intermediate calculations. Round your
answer to the nearest cent
federal taxes) is taxed as ordinary income,...
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Question 27 of 75 was in the 15% tax bracket, Ben's gain on Ben boughta local artist's painting for S2 100 Several years later the picture will be taxed at en sold it for S2.700. The year Ben sold the painting. he o 15% 25% 28% 33% Mark for follow up expense must be for the employee's
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