Normally,a Security Dealer Reports Ordinary Income on the Sale of Securities

question 128

True/False

Normally,a security dealer reports ordinary income on the sale of securities unless it is specifically identified as a security being held for investment.

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Definitions:

Lactovegetarian

A person who follows a vegetarian diet while still consuming dairy products.

Lacto-ovovegetarian

A dietary choice that includes dairy products and eggs but excludes meat.

Vegan

Pertaining to a diet or lifestyle that excludes all animal products, including meat, dairy, and eggs, for ethical, health, or environmental reasons.

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