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For 2017, Wilma has properly determined taxable income of $36,000, including $3,000 of unrecaptured 1250 gain and $8,200 of 0%/ 15%/ 20% gain. Wilma qualifies
For 2017, Wilma has properly determined taxable income of $36,000, including $3,000 of unrecaptured 1250 gain and $8,200 of 0%/ 15%/ 20% gain. Wilma qualifies for head-of-household filing status. Compute Wilmas tax liability and the tax savings from the alternative tax on net capital gain.
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