Problem 17-51 (LO. 4, 7) determined 2017 taxable income is $127,000. This taxable income inclucies Sasha and Tara are married, filing jointly. Their correctly $5,000 1231 gain from the Sale of business land that was part of ther $22,000 of net long-term apital gain None of the net ogtem capital gain was from collectibles Click here to access the tax rate schedules. If an amount is zero, enter or.f required, round your answer to the nearest dollar In addition to their Form 1040, the couple would incluce only Form 8949 and Schedule D X in their income tax return, because they have a 1231 gan, that became part of their net long-term capital gain b. Is any ofthe 51231 gain unrecaptured 1250 gain and subject to the 25% tax rate? Because baress land was sold, 22,000) X of the 1231 gain is unrecaptured 1250 gain sutject to the 25% tax rate. econote the cooes tax on taxatie income by using theater ative tax on eteaptaian method. The tax on ordnary taxable income is.S,000 X and the tax on the capital gain is o X for a total tax of - 5,000x Generaby, 1250 property depreciable real property (principally buildings and their structural components, mat is not suelect to 1245. Intangbie real property, such as leaseholds of $ 1250 property, is also included. Noncapital gains and losses are reparted separately on the tax forms. Recal that recognzed gans from 1231 asset casusties may be recaptured by 12 es r S 120. 1 more Check My Work uses semarng 0 Problem 17-51 (LO. 4, 7) determined 2017 taxable income is $127,000. This taxable income inclucies Sasha and Tara are married, filing jointly. Their correctly $5,000 1231 gain from the Sale of business land that was part of ther $22,000 of net long-term apital gain None of the net ogtem capital gain was from collectibles Click here to access the tax rate schedules. If an amount is zero, enter or.f required, round your answer to the nearest dollar In addition to their Form 1040, the couple would incluce only Form 8949 and Schedule D X in their income tax return, because they have a 1231 gan, that became part of their net long-term capital gain b. Is any ofthe 51231 gain unrecaptured 1250 gain and subject to the 25% tax rate? Because baress land was sold, 22,000) X of the 1231 gain is unrecaptured 1250 gain sutject to the 25% tax rate. econote the cooes tax on taxatie income by using theater ative tax on eteaptaian method. The tax on ordnary taxable income is.S,000 X and the tax on the capital gain is o X for a total tax of - 5,000x Generaby, 1250 property depreciable real property (principally buildings and their structural components, mat is not suelect to 1245. Intangbie real property, such as leaseholds of $ 1250 property, is also included. Noncapital gains and losses are reparted separately on the tax forms. Recal that recognzed gans from 1231 asset casusties may be recaptured by 12 es r S 120. 1 more Check My Work uses semarng 0