Question: During 2 0 2 3 , Allison is single with no dependents and had $ 2 0 6 , 0 0 0 of taxable income
During Allison is single with no dependents and had $ of taxable income before considering the following property related items:Taxable income before considering the following property related items: Part A Fill in the amount realized, adjusted basis, realized gain loss and character of the gain or loss in the boxes below# sharesselling pricecost priceAmount RealizedAdjusted BasisRealized Gain Loss or IncomeCharacter ordinary, STCLReceived qualified dividends from Company X of $Sold shares of Company Y on October for $ per share. The stock was purchased on April for $ per shareSold shares of Company Z on November for $ per share. The stock was purchased on March for $ per shareSold a stamp collection on June for $ The stamp collect was inherited on February when it was valued at $ It originally cost $A gain unrecaptured gain of $This is a longterm capital gain taxed at Total gain loss from property transactionsTaxable income before considering the following property related items:Taxable IncomeA BPortion of TI taxed at preferential ratesBPortion of TI taxed as ordinary incomeAPart B Calculate the taxable income, portion of TI that is taxed as ordinary income, the portion of TI that will be taxed with LTCGs at preferential tax rates not taxed as ordinary income and tax on taxable income before credits:STCLTotalPortion of TI taxed as ordinary incomeATax on ordinary incomeData from tax rate scheduleTax on LTCGsCPortion of TI taxed at preferential ratesATax on taxable income before creditsDTax on LTCGsCSummary TableTaxable Income TIA BPortion of TI that is taxed at ordinary income ratesAPortion of TI that is taxed at preferential rates with LTCG not taxed as ordinary incomeBTax on taxable income before credits alternative tax on taxable incomeD
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