Barbara, a single woman with a 25 percent marginal tax rate, sold two assets during 2017:
Sale 1. On February 25 she sold 200 shares of Veebee stock for $19,000. She had purchased the stock for $16,000 on February 23, 2016.
Sale 2. On July 20 she sold an antique automobile for $30,000. She had purchased the automobile for $31,000 on July 21, 2016.
a. How much and what kind of gain or loss does she have from each sale?
b. What tax rate(s) would apply to the net gain?

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The Answer of Barbara, a single woman with a 25 percent marginal tax rate, sold two assets during 2017:
Sale 1. On February 25 she sold 200 shares of Veebee stock for $19,000. She had purchased the stock for $16,000 on February 23, 2016.
Sale 2. On July 20 she sold an antique automobile for $30,000. She had purchased the automobile for $31,000 on July 21, 2016.
a. How much and what kind of gain or loss does she have from each sale?
b. What tax rate(s) would apply to the net gain?

Barbara, a Single Woman with a 25 Percent Marginal Tax