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During the current year, Han and Leia sold the following assets: Asset Market Value Tax Basis Holding Period Chewbacca stock 52,000 38,000 > 1 year

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During the current year, Han and Leia sold the following assets: Asset Market Value Tax Basis Holding Period Chewbacca stock 52,000 38,000 > 1 year C-3PO stock 21,000 39,000 > 1 year Qui-gon stock 42,000 32,000 1 year Apartment complex* 328,000 148,000 > 1 year *$100,000 of the gain is 25 percent gain (Section 1250 recapture). Han and Leia have other income of $135,000 in wages and $5,600 of qualifying dividends before considering the tax effect of their asset sales. What is their tax liability for 2020 assuming they file a joint return? Tax liability What is their net short term/long term gains and losses Short Term 28% 25% 0/15/20% Use the table below to show your work for the net Capital Gains/Losses. Omitting this information will result in points being deducted. Asset Short Term 28% 25% 0/15/20%

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