|
Title: Describe the tax treatment for a noncorporate taxpayer in the 35% marginal tax bracket who sells ... Post by: Sheena Maskell on Jan 10, 2017 Describe the tax treatment for a noncorporate taxpayer in the 35% marginal tax bracket who sells each of the first two assets for $500,000 and each of the second two assets for $750,000. Each asset was purchased in 1995 and is used in a trade or business. There are no other gains and losses and no nonrecaptured Section 1231 losses.
Original Basis Adjusted Basis Land $350,000 $350,000 Equipment $600,000 $450,000 Equipment $600,000 $500,000 Building $550,000 $450,000 Title: Re: Describe the tax treatment for a noncorporate taxpayer in the 35% marginal tax bracket who sells ... Post by: MsLippy on Jan 10, 2017 Content hidden
Title: Re: Describe the tax treatment for a noncorporate taxpayer in the 35% marginal tax bracket who sells ... Post by: Sheena Maskell on Mar 20, 2017 Thank you so much
|