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What if the asset is held beyond the RC designation period?

April 26, 2017ASSET held period RC

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What if the asset is held beyond the RC designation period?

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The 0-percent rate applies only to gain attributable to the period after December 31, 2001, and before January 1, 2015, in the case of an RC asset. The taxpayer is not required to sell the asset in 2015 (for an RC asset), but must determine and substantiate the gain attributable to that period and may apply the 0-percent rate to that amount.