Sally has taxable income of 160 000 as of November 30
Sally has taxable income of $160,000 as of November 30 of this year. She wants to sell a Rodin sculpture that has appreciated $90,000 since she purchased it six years ago, but she does not want to pay more than $15,000 of additional tax on the transaction.
Sally also owns various stocks, some of which are currently worth less than their basis.
How can she achieve her desired result?
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