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A self employed taxpayer had the following sales during the current year Equipment held for 3 years-cost of $12,000, accumulated depreciation of $9.000, sold

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A self employed taxpayer had the following sales during the current year Equipment held for 3 years-cost of $12,000, accumulated depreciation of $9.000, sold her $11,000 Land held for 5 years cost of $54,000, wok for $44,000 fullding held for 5 years cost of $150,000, accumulated depreciation of $30,000 sold $200,000 Assuming there are no unrecaptured net 51231 es in the past 5 years, calculate the net gainsesses for the current year and indicate what amount of that will be treated an unary, Mar 25%, and 15/29% in the table below Do not input $ signs or commas. Ordinary 25% Max 0/15/20% Assuming in the past 5 years there were $60,000 of recaptured net 51231 losses, calculate the net gainsosses for the current year and indicate what amount of that will be beated as ordinary, at a Max cate 25% da 0/15/20% in the table below. Do not input $ signs or commas Ordinary 25% Max 0/15/20% For ease in making computations, open the folowing Excel fo, complete your computations there, save that the using the "Click here to save your work" feature, then use the Cat V function (e the Command V function for Mac) paste the Me link in the following answer bux after your have indicated your answer 1231ab

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