Long-term capital gains (depending on type)for individual taxpayers can be taxed at a maximum rate of:
A)20 percent.
B)25 percent.
C)28 percent.
D)Both 20 percent and 28 percent.
E)All of the choices are correct.

Question

Quizplus · Accepted Answer

Long-term capital gains can be taxed at different rates depending on the type of asset. The maximum rates include 20% for certain assets, 25% for real estate subject to depreciation (Section 1250 gain), and 28% for collectibles and certain small business stock. Therefore, all of the choices are correct.

Long-Term Capital Gains (Depending on Type)for Individual Taxpayers Can Be