In Order to Be Recognized and Deducted on a Tax

question 38

True/False

In order to be recognized and deducted on a tax return,a loss must first be realized.

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Definitions:

Greenhouse Gases

Atmospheric gases, including water vapor, carbon dioxide, and methane, that contribute to the Earth’s greenhouse effect.

Air Temperatures

The measure of how hot or cold the atmosphere is at a specific time and place.

Global Warming

refers to the long-term rise in Earth's average surface temperature due to human activities, especially fossil fuel burning, which adds heat-trapping gases to Earth's atmosphere.

Desert Varnish

A dark, glossy coating found on the surface of rocks in arid environments, formed by microbial activities and the deposition of minerals.