t References Mailings Review Henry, a single taxpayer with a marginal tax rate of 35 percent, sold the following assets during the year Asset ABC Stock XYZ Stock Stamp Collection RST Stock Rental Home Sale Price Tax Basis Gain/Loss Holding Period S 50,000 S 25,000 S 25,000 More than 1 Year S 12,000 S 9,000 S 3,000 Less than 1 Year s 10,000 S 5,000 5,000 More than 1 Year s 13,000 S 19,000 S (6,000) Less than 1 Year s 100,000 S 50,000 50,000 More than 1 Year *S25 ,000 of the gain is 1250 recapture. The remaining gain is 0/15/20 percent gain. what are Harry's recognized gains/losses for the year and what tax rate(s) will apply to those gains/losses? MacBook Air