Emily has the following capital gains during 2021: $10,000 gain on the sale of a painting purchased
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Emily has the following capital gains during 2021: $10,000 gain on the sale of a painting purchased 5 years ago $20,000 gain on stock held as an investment for 7 years, In addition, Emily has $25,000 in capital losses from the sale of stock that was inherited in 2010. Emily is single and has other taxable income of $200,000. What is her capital gains tax for 2021?
Related Book For
Modern Advanced Accounting in Canada
ISBN: 978-1259087554
7th edition
Authors: Hilton Murray, Herauf Darrell
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