Perry is in the 33 tax bracket. during 2011 he had the, Ask an Expert

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Perry is in the 33% tax bracket. during 2011 he had the following capital asset transactions:

Gain from the sale of a stamp collection (held for 10 years)$30,000

Gain from the sale of an investment in land (held for 4 years)$10,000

Gain from the sale of stock investment(held for 8 months)$4,000

perry's tax consequences from these gains are?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M970689

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