Capital asset transactions

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Kirby is in the 15% tax bracket and had the following capital asset transactions during 2010:

Long-term gain from the sale of a coin collection $11,000
Long-term gain from the sale of a land investment 10,000
Short-term gain from the sale of a stock investment 2,000

Kirby's tax consequences from these gains are as follows:

A) (15% ´ $23,000).

B) (15% ´ $13,000) + (28% ´ $11,000).

C) (5% ´ $10,000) + (15% ´ $13,000).

D) (0% ´ $10,000) + (15% ´ $13,000).

E) None of the above.

Reference no: EM13136265

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