Amett is single and is in the 32% marginal income tax bracket. He has the sales or exchanges below. At the beginning of the year, he has nonrecaptured net Sec. 1231 losses of $16,000. Review the following independent sales or exchanges. (Click the icon to view the independent sales or exchanges.) (Click the icon to view the capital gains and dividends rates table.) (Click the icon to view the tax rates table.) Read the requirement.