Chapter_1_The_Individual_Income_Tax_Return
They recognized a $17,000 gain on the 10/17/2018 sale of rental property (the only ยง1231 transaction) of which $8,000 is reportable as gain subject to the 25 percent maximum rate and the remaining $9,000 is subject to the 0/15/20 percent maximum rates (the property was acquired on 8/2/2012). ................
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