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During 2022, Allison is single with no dependents and had $200,000 of taxable income before considering the following property related items: Taxable income before considering
During 2022, Allison is single with no dependents and had $200,000 of taxable income before considering the following property related items: Taxable income before considering the following property related items: 200,000 1 Received qualified dividends from Company of $3,100. Sold 1,500 shares of Company Y on October 20, 2022 for 2$82 per share. The stock was purchased on April 10,2016 for $61 per share. Sold 1,000 shares of Company Z on November 25, 2022 for 3 \$62 phare. The stock was purchased on March 15, 2022 for $73 per share. Sold a stamp collection on June 9,2022 for $12,800. The 4 stamp collect was inherited on February 5,2008 when it was valued at $7,900. t originally cost $4,900. A. 25% gain (unrecaptured $1250 gain) of $6,800. (This is a long-term capital gain taxed at 25%.) Part B. Calculate the taxable income, portion of TI that is taxed as ordinary income, the portion of TI that will be taxed with LTCGs at preferential tax rates (not taxed as ordinary income), and tax on taxable income before credits: Tax on LTCGs C
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