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If an individual taxpayer's marginal tax rate is 32 percent and she sells the following assets after holding for more than one year, which gain
If an individual taxpayer's marginal tax rate is 32 percent and she sells the following assets after holding for more than one year, which gain will be taxed at the highest rate at the time of sale?
a. gain from investment land b. gain from personal-use property c. gain from a stamp collection (collectible) d. gain attributable to tax depreciation taken on real property (unrecaptured Sec 1250 gain)
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