Business
Business, 01.04.2021 15:10, errr5529

Bridget, a single taxpayer, sold a building used in her business during the current year. The realized gain on the sale was $135,000. Of this amount, $95,000 is unrecaptured Section 1250 gain. How will Bridget be taxed on this gain assuming her marginal tax rate is 32 percent and her LTCG rate is 15%? Multiple choice question. $135,000 will be taxed at 32% $135,000 will be taxed at 25%. $95,000 will be taxed at 25 percent and $40,000 will be taxed at 15%. $95,000 will be taxed at 25 percent and $40,000 will be taxed at 32%.

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Bridget, a single taxpayer, sold a building used in her business during the current year. The realiz...

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