Examlex
Which of the following statements is FALSE?
Capital Losses
The loss incurred when a capital asset (like stocks or real estate) is sold for less than its purchase price.
Capital Gain Distributions
The payments made to mutual fund shareholders from the fund's sale of stocks or assets, subject to capital gains taxes.
Mutual Fund
An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.
Schedule D
Schedule D is a tax form used to report capital gains or losses from the sale of capital assets, including stocks, bonds, and real estate.
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