Examlex
Which of the following is not a common test of control for marketable securities?
Capital Loss Carryforward
A tax provision that allows investors to use a net capital loss in one year to offset future capital gains for tax purposes.
Net Capital Gains
The profit from the sale of assets or investments after subtracting any losses, important for tax calculations.
Net Operating Loss
A situation in which a company's allowable tax deductions are greater than its taxable income within a tax period, leading to a negative taxable income.
Charitable Deduction
A tax deduction given for donations made to qualifying charitable organizations.
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