Solution-How much of her gain is taxed

How much of her gain is taxed

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Problem - Shannon bought an apartment building in July 2012 for $397,500 and sold it for $532,500 in 2018. There was $93,084 of accumulated depreciation allowed on the apartment building. Assuming that Shannon is in the 35% tax bracket, how much of her gain is taxed at 25%?

Reference no: EM132932111

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How much of her gain is taxed : Shannon bought an apartment building in July 2012 for $397,500. Assuming that Shannon is in the 35% tax bracket, how much of her gain is taxed at 25%

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How much of her gain is taxed

Reference no: EM132932111

Reference no: EM132932111

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