For a married couple with an AGI of $54,750. The tax on a $5000 gain of...
For a married couple with an AGI of $54,750. The tax on a $5000 gain of the sale of stock that was originally purchased more than a year ago would be which of the following?
Question 21 options:
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Homework Answers
| Long Term Gain: Long term gain arises in case of sale of assets held for more than a Year | |||||||
| Long Term Capital Gains Slab for Married Filing Jointly(2020) | |||||||
| 0% | 0-$80000 | ||||||
| 15% | $80001-$496600 | ||||||
| 20% | $496601 or above | ||||||
| $5000 gain on sale of Capital stock is a long term capital gain & long term capital gain is taxed on the basis of Status and Income. | |||||||
| Ans(d) | In this cae income is less tan $80000 ,so $5000 is taxed at 0% | ||||||
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