tax accounting Rebecca sold her art collections for $5.000. She bought them for...

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Accounting

tax accounting
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Rebecca sold her art collections for $5.000. She bought them for 1.000 two years ago. What is her taxable gain and at what rate will it be taxed? 4.000 long-term capital gain, taxed at ordinary income rate 4.000 long-term capital gain, taxed at 28% 4.000 long-term capital gain, taxed at 15% 4,000 ordinary income

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