Question
56 During the current year, Ron and Anne sold the following assets (Use the dividends and.ceomargains tax rates and scate achedin Capital st A
56 During the current year, Ron and Anne sold the following assets (Use the dividends and.ceomargains tax rates and scate achedin Capital st A stock Market Value $50,000 The Basis Hilding Part $41,00 30,000 28,00 3,000 22,000 13,000 3 year stack stock Antiques Rental 3 year $30.000 of the gain is 25 percent gain dhom accumulated depreciation on the propertys ignore the Net investment Income Tax Given that Ron and Anne have taxable income of only $20.000 (all ornary before considering the tex efect of their asset sales what is their gross tex lebility for 2022 assuming they file a joint return During the current year, Ron and Anne sold the following assets: (Use the dividers and capital gains tax rates and rate schedules Capital Asset stock Mstock stock stock Antiques Harket Val Hilding Period 41,000 30, 1 year Rental he 90,0 $30,000 of the gain is 25 percent gain (hom accumulated depreciation on the property Ignore the Net investment income Tax b. Given that Ron and Anne have taxable income of $400.000 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2022 assuming they file a joint return?
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