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Albert and his wife donated a parcel of land to their tenants. Book Value - 750,000 Fair Value - 1,500,000 How much is the

Albert and his wife donated a parcel of land to their tenants. Book Value - 750,000 Fair Value - 1,500,000 How much is the total combined tax of the spouses?

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The capital gain on the donation of the land is 1500000 750000 750000 The tax rate for longterm capital gains is 20 so the total combined tax for the ... blur-text-image

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