When an Individual Taxpayer Has a Net Long-Term Capital Gain

question 69

Essay

When an individual taxpayer has a net long-term capital gain that includes both 28% gain and 0%/15%/20% gain, which of these gains will be taxed first when the alternative tax on net long-term capital gain method is used and what difference does it make?

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Definitions:

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Members of the Nation of Islam, an African American political and religious movement founded in the United States in 1930, which aims to improve the spiritual, mental, social, and economic condition of African Americans.