Aneta sold an apartment building for $713,470 in 2016.She purchased the building in 2010 for $600,000 and has taken $151,806 in depreciation on the building.Assuming Aneta is in the 33% tax bracket,how is her gain taxed?
A) $151,806 at 28% and $113,470 at 15%.
B) $113,470 at 0% and $151,806 at 28%.
C) $151,806 at 25% and $113,470 at 15%.
D) $113,470 at 25% and $151,806 at 15%.
Correct Answer:
Verified
Q95: Which of the following is a Section
Q96: Leslie buys a sculpture from a collector
Q97: Heidi invested in a mid-sized local company
Q98: Jack purchased 100 shares of Ford stock
Q99: In 2013,Joe purchased land for $83,500 for
Q101: Norman received shares of stock as a
Q102: Padraic purchased 50 shares of stock as
Q104: Oliver purchased the following stock of Doggie
Q105: Geraldine inherited a piece of land when
Q120: Mikeala has taxable income of $73,240,without consideration
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents