8/23/2019 Realize Your Potential: H&R Block Question 18 of 75. Telicia, a single taxpayer, purchased a famous painting for $69,000. Several years later, she sold it for $99,000. Telicia's marginal tax rate is 35%. Telicia's gain on the sale of the painting will be taxed at a rate of O 35% 28% 24% 12% Mark for follow up Question 19 of 75. Ben bought a local artist's painting for $2,100. Several years later, Ben sold it for $2,700. The year Ben sold the painting, he was in the 12% tax bracket. Ben's gain on the picture will be taxed at 12% 24% 28% 32% Mark for follow up Question 20 of 75. Zeke inherited 110 shares of ABC stock from his father on January 5, 2018, and sold the stock on February 2, 2018. (There is no alternate valuation date.) The stock basis reported on Form 8949 is the Price paid by his father when the stock was acquired. Fair market value for the stock on the day of his father's death. Average of the basis on January 5, 2018, and on February 2, 2018. Stock price six months before his father died. Mark for follow up