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Business, 08.12.2020 14:00 lawhd8700

Bill, who is unmarried, is selling his rental home and plans to put off buying another home for five years. He earns $325,000 annually, putting him in the highest tax bracket at 23.8 percent. If he nets $200,000 on the transaction, how much will his tax liability be for the capital gain portion of his return only

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Bill, who is unmarried, is selling his rental home and plans to put off buying another home for five...
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