Question

Last year's loss and ending with losses mul O The eariest loss in the five-year period O The next future years losses O Last year's loss and ending with losses from the third previous year. from the previous Mark for follow up Question 21 of 75. Which of the following statements is correct with regard to unrecaptured §1250 gain? Unrecaptured § 1250 gain is: O Taxed at 28% capital gains tax rate or the taxpayer's lower tax rate, if applicable. Taxed at 25% capital gains tax rate or the taxpayer's lower tax rate, if applicable. O Taxed at 15% capital gains tax rate or the taxpayer's lower tax rate, if applicable. O Taxed at 0% capital gains tax rate or the taxpayer's lower tax rate, if applicable □ Mark for follow up « Back Save I Return Later Summary Next »

Answer 1

Correct answer is : Taxed at 25% capital gains tax rate or the taxpayer's lower tax rate, if applicable. However the rate is fixed and caped at maximum of 25% and it can be lower in certain circumstances.