At what rate is the net gain or loss taxed

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Question

Antoine sold the following stock in 2018. ABC, Inc., is a § 1202 qualified small business (QSB).

Asset Cost Acquired Sale Price Sale Date

ABC, Inc. 160 shares $116,800 1/10/10 $149,760 4/30/18

DEF, Inc. 128 shares 23,040 11/15/14 17,280 2/28/18

GHI, Inc. 64 shares 22,912 3/31/17 20,608 8/30/18

What is the amount of Realized Gain (Loss) and Recognized Gain (Loss) of each asset?

After netting, what is the total gain or loss?

If Antoine is in the 37% tax rate bracket, at what rate is the net gain or loss taxed?

Reference no: EM132406756

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