Realized Gains Are Recognized Unless There Is Specific Exception

question 124

True/False

Realized gains are recognized unless there is specific exception.

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Definitions:

U.S. Constitution

The foundational legal document of the United States of America, establishing the framework of the federal government, its powers, and the rights of the citizens.

Major Rule

A significant regulatory measure or policy that has a large impact on the economy, society, or government operations.

Administrative Rule

Regulations issued by government agencies to implement laws, detailing the standards and procedures for enforcement of those laws.

ALJs

Administrative Law Judges are officials who preside over hearings and dispute resolutions involving federal regulatory agencies.