If a Taxpayer Has Gains on Sec

question 52

True/False

If a taxpayer has gains on Sec.1231 assets,Secs.1245 and 1250 must be applied first to determine any amounts recaptured as ordinary income,and any excess gain may then be netted with Sec.1231 losses for possible long-term capital gain treatment.

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Definitions:

Operant Conditioning

A learning process where the consequences of an action determine the likelihood of that action being repeated in the future.

Swings

Playground equipment consisting of a seat suspended by ropes or chains, used for moving back and forth.

Negative Reinforcement

A behavioral psychology concept where the removal of an unfavorable outcome or stimulus strengthens a behavior.

Nagging

Persistent and repetitive asking or demanding, often perceived as annoying or bothersome.