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How is section 1250 unrecaptured gain taxed? Is it a flat 25% or max 25%?
I think the Schedule D worksheet is taxing the unrecaptured 1250 gain at a flat 25%. Lines 33-38 are making this flat calculation.
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It is at regular tax rates, up to 25%.
If I remember correctly, yes, Lines 33-38 tax it at a flat 25%, but then Lines 43-45 sort of adjust it back.
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