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Antoine sold the following stock in 2018. ABC, Inc., is a $ 1202 qualified small business (QSB). Asset ABC, Inc. 120 shares DEF, Inc. 112
Antoine sold the following stock in 2018. ABC, Inc., is a $ 1202 qualified small business (QSB). Asset ABC, Inc. 120 shares DEF, Inc. 112 shares GHI, Inc. 56 shares Cost $85,200 17,920 18,256 Acquired Sale Price Sale Date 1/10/10 $109,440 4/30/18 11/15/14 12,880 2/28/18 3/31/17 16,688 8/30/18 a. Complete the chart. b. After netting, what is the total gain or loss? c. If Antoine is in the 37% tax rate bracket, at what rate is the net gain or loss taxed? Complete this question by entering your answers in the tabs below. Rega Req b and c Complete the chart. (Negative amounts should be indicated by a minus sign.) Asset Amount of Realized Gain (Loss) Amount of Recognized Gain (Loss) IRC Section ABC DEF GHI Req a Req b and c b. After netting, what is the total gain or loss? c. If Antoine is in the 37% tax rate bracket, at what rate is the net gain or loss taxed? b. c. Tax rate (%)
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