Anton purchases a building on May 4, 2002, at a cost of $300,000. The land is properly allocated $20,000 of the cost. Anton sells the building on October 18, 2020, for $300,000. Assume that the building is an apartment building held for investment. In addition to the sale of the building, Anton has the following capital gains and losses during 2020: Short-term capital loss $4,000 Collectibles gain 7,900 Long-term capital gain 15,500 Long-term capital loss carryover from 2019 6,000 Anton is single and has a taxable income of $155,300 without considering his capital gains and losses. Assume the accumulated depreciation at the time of the sale is $177,325. If required, round any computations to the nearest dollar. Refer to the Tax Rate Schedules to answer the following questions. 13,400 X will be taxed at 15%, $ 199,463 X will be taxed at 25% and $ Anton has a net long-term capital gain of $ 13,400 X. When computing his total income tax liability $ 155,300 will be taxed at the regular income tax rates. Therefore, his total tax liability is $ 83,321.75 X