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Henry, a single taxpayer with a marginal tax rate of 35 percent(taxable income is $300,000 before considering any of the items below), sold the

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Henry, a single taxpayer with a marginal tax rate of 35 percent(taxable income is $300,000 before considering any of the items below), sold the following assets during the year: Asset ABC Stock Sale Price Tax Basis Gain/Loss Holding Period $50,000 $25,000 $25,000 More than One Year $12,000 $9,000 $3,000 Stamp Collection $10,000 $5,000 $5,000 XYZ Stock Less than One Year More than One Year RST Stock $13,000 $19,000 $ (6,000) Less than One Year Rental Home More than One Year $100,000 $50,000* $ 50,000 *$25,000 of the gain is a 25 percent gain. The remaining gain is 0/15/20 percent gain. What tax rate(s) will apply to Henry's capital gains or losses?

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