During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and tax rate schedules.) Capital Asset L. stock H stock N stock o stock Antiques Rental home Market Value $50,200 28,200 30, 200 26,200 7,200 300,200 Tax Basis $41,100 39,100 22,100 33,100 4,100 90,100 Holding Period > 1 year > 1 year < 1 year < 1 year > 1 year > 1 year *$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). lanore the Net Investment Income Tax.

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that ba…