Hilton, a single taxpayer in the 24% marginal tax bracket, has $16,000 of nonrecaptured net Sec. 1231 losses, at the beginning of a year in which he had the following transactions:
- Sale of Asset A at a $10,000 1231 gain, all of which is unrecaptured Sec. 1250 gain
- Sale of Asset B at a $13,000 1231 gain
How are the items reported this year and at which rate(s) are the amounts taxed?

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The Answer of Hilton, a single taxpayer in the 24% marginal tax bracket, has $16,000 of nonrecaptured net Sec. 1231 losses, at the beginning of a year in which he had the following transactions:
- Sale of Asset A at a $10,000 1231 gain, all of which is unrecaptured Sec. 1250 gain
- Sale of Asset B at a $13,000 1231 gain
How are the items reported this year and at which rate(s) are the amounts taxed?

Hilton, a Single Taxpayer in the 24% Marginal Tax Bracket