Net Short-Term Capital Gains May Be Offset by Net Long-Term

question 29

True/False

Net short-term capital gains may be offset by net long-term capital losses.

---

Definitions:

Self-Employed

Individuals who work for themselves, either running their own business or freelance, without being employed by another organization.

Necessity-based Entrepreneurship

Starting a business out of a need for employment rather than seizing an opportunity or innovative idea.

Corporate Career Backgrounds

The professional experiences and pathways within corporations that individuals have taken.

Entrepreneurial Venture

A startup or a new business established by an entrepreneur with the aim of seeking innovation, growth, and profit.