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Problem 7 - 4 8 ( LO 7 - 2 ) ( Algo ) Skip to question [ The following information applies to the questions
Problem LO Algo
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During the current year, Ron and Anne sold the following assets: Use the dividends and capital gains tax rates and tax rate schedules.
Capital Asset Market Value Tax Basis Holding Period
L stock $ $ year
M stock year
N stock year
O stock year
Antiques year
Rental home year
$ of the gain is percent gain from accumulated depreciation on the property
Ignore the Net Investment Income Tax.
Problem Parta Algo
a Given that Ron and Anne have taxable income of only $all ordinary before considering the tax effect of their asset sales, what is their gross tax liability for assuming they file a joint return?
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