What Is an Individual's Maximum Annual Deduction for Capital Losses

question 24

Multiple Choice

What is an individual's maximum annual deduction for capital losses?

• A)$3,000
• B)An amount equal to capital gains plus $3,000
• C)$10,000
• D)Individuals cannot deduct capital losses

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Definitions:

Neandertals

An extinct species of human that was widely distributed in ice-age Europe between c. 120,000-35,000 years ago, coexisting with early Homo sapiens.

Gracile Australopithecines

One member of the genus Australopithecus possessing a more lightly built chewing apparatus; likely had a diet that included more meat than that of the robust australopithecines.

Human Ancestors

Prehistoric species and genera that are considered predecessors of modern humans in the evolutionary lineage.

Homo Erectus

An extinct species of early human that lived throughout Africa and Eurasia from approximately 2 million to 100,000 years ago.