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Author Question: Jillian, whose tax rate is 39.6%, had the following sales of Section 1231 property this year: Sale ... (Read 37 times)

corkyiscool3328

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on: Sep 13, 2020
Jillian, whose tax rate is 39.6%, had the following sales of Section 1231 property this year:

Sale of land A at a gain of $15,000
Sale of land B at a gain of $12,000
Sale of land C at a loss of $8,000

a. What is the amount of her resulting tax liability?
b. Assume instead that Jillian has a 15% marginal tax rate. What is the amount of her resulting tax liability?
c.  Assume instead that Jillian has a 28% marginal tax rate.  What is the amount of her resulting tax liability?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by corkyiscool3328 on Sep 13, 2020

asdfasdf

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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corkyiscool3328

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Reply 2 on: Sep 13, 2020
Wow, this really help

Jsherida

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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