Question 1
A building used in a business is sold after five years of use for a gain. The gain will be treated as a long-term capital gain.
◦ true
◦ false
Question 2
Avi and Rianna are considering marriage before year-end. They each earn a salary of about $150,000, have some investment income and some itemized deductions. What additional taxes will Avi and Rianna face as a married couple?