cece3277 cece3277

03-01-2023
Business

Answered

in 2018 lois purchased a painting for $5,000 at a local art gallery. she decided to sell the painting in 2022 and finds a buyer willing to pay $12,000. what is the maximum capital gains rate and maximum amount she may owe?

Answer :

Other Questions

a seller paid $1,536 in hoa fees at the beginning of the year. the buyer closed on the property and took possession with exactly 5 months left in the year. usin

Lindsay is an inventory planner at a local retailer. she is currently making a decision as to how many units she should stock in the store based on projected de

a few years ago, michael purchased a home for $314,000. today, the home is worth $440,000. his remaining mortgage balance is $86,000. assuming michael can borro

Harry experienced a substantial net operating loss in 2022. what is the maximum percent of that loss that may be carried forward?

if the real interest rate is 5 percent in the united states and 8 percent in canada, what will happen over time to the current and financial/capital accounts in

mark is seeking to obtain a mortgage on his home. the property was appraised at $420,800 while the contract price was $415,000. if the bank lends money at a 70%

Jorge and anita, married taxpayers, earn $158,000 in taxable income and $42,000 in interest from an investment in city of heflin bonds. using the u.s. tax rate

annie and frannie form an oral agreement for annie to sell frannie her property. three years and one month later, frannie learns that there are significant foun

during january 2016, optimum glass company purchased the following securities as its long-term available-for-sale securities investment portfolio: d corporatio

1. construct a spreadsheet to calculate the payback period, internal rate of return, modified internal rate of return (assume the investment rate is the same as