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If an individual taxpayer's marginal tax rate on ordinary income is 35 percent and she holds the following assets for more than a year, which
If an individual taxpayer's marginal tax rate on ordinary income is 35 percent and she holds the following assets for more than a year, which gains will be taxed at the highest rate at the time of sale?
a. gains attributable to depreciation taken on personal property
b. gains from the sale of personal-use property
c. gains from investment land
d. gains attributable to depreciation taken on real property
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