Darla sold an antique clock in 2018 for $3,000. She had purchased the clock in 2009 for $2,000. If she is otherwise in the 32% marginal tax bracket, what is the maximum tax rate on the capital gain on the sale of the clock?
A) 32%
B) 15%
C) 28%
D) 25%
C) 28%
Collectibles gains do not qualify as ANCG and are not eligible for the lowest capital gains rates. Collectibles are taxed at a maximum rate of 28%.
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