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Author Question: Because of the locked-in effect, high capital gains tax rates may discourage taxpayer's from selling ... (Read 85 times)

cagreen833

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on: Sep 13, 2020

Question 1

Rita died on January 1, 2016 owning an asset with a FMV of $730,000 that she purchased in 2010 for $600,000. Bert inherited the asset from Rita. When Bert sells the asset for $800,000 on August 20, 2016, he must recognize a
◦ STCG of $70,000.
◦ LTCG of $70,000.
◦ STCG of $200,000.
◦ LTCG of $200,000.

Question 2

Because of the locked-in effect, high capital gains tax rates may discourage taxpayer's from selling appreciated capital assets.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by cagreen833 on Sep 13, 2020

rnehls

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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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cagreen833

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

bigcheese9

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Reply 3 on: Yesterday
Wow, this really help

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