Alexi has a $15,000  1231 loss in 2023. Alexi could sell business equipment held 30 months for a $20,000  1231 gain and a $12,000  1245 gain. Alexi is in the 24% tax bracket in 2023. Alexi has no non recaptured  1231 losses from prior years. If Alexi sold the equipment in 2023, What would be the tax ?

Answer rating: 100% (QA)

To calculate the tax implications of selling the business equipment in 2023 we n... View the full answer