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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 XYZ Stock $12,000 $9,000 $3,000 Sale Price Tax Basis Gain/Loss $50,000 $25,000 $25,000 More than One Year Less than One Year Holding Period Stamp Collection $10,000 $5,000 RST Stock $5,000 $13,000 $19,000 $ (6,000) More than One Year Less than One Year Rental Home $100,000 $50,000* $ 50,000 More than One Year *$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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