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Sachi is single and has taxable income of $33,000 without considering the sale of a capital asset in November of 2016 for $15, 650. That
Sachi is single and has taxable income of $33,000 without considering the sale of a capital asset in November of 2016 for $15, 650. That asset was purchased six years earlier and has a tax basis of $5,000. The tax liability applicable to only the capital gain is $900. $1, 597.50. $0. $2, 662.50
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