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Anakin is a head of household filer. He sold stock that he held for 7...

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Accounting

Anakin is a head of household filer. He sold stock that he held for 7 years for $40,000. His basis in the stock was $52,000. He also sold stock that they held for 2 years for $60,000. His basis in the stock was $15,000. Anakin sold his motorcycle for $5,000 after owning it for 3 years. His basis in the motorcycle was $9,000. Finally, he sold stock that he held for 11 months for $14,000. His basis in the stock was $4,000. If Anakin has taxable income of $500,000, how much tax will he owe on these transactions only?
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Anakin is a head of household filer. He sold stock that he held for 7 years for $40,000. His basis in the stock was $52,000. He also sold stock that they held for 2 years for $60,000. His basis in the stock was $15,000. Anakin sold his motorcycle for $5,000 after owning it for 3 years. His basis in the motorcycle was $9,000. Finally, he sold stock that he held for 11 months for $14,000. His basis in the stock was $4,000. If Anakin has taxable income of $500,000, how much tax will he owe on these transactions only

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