Martha Has Both Long-Term and Short-Term 2018 Capital Gains and Losses

question 17

Multiple Choice

Martha has both long-term and short-term 2018 capital gains and losses. The result of netting these gains and losses is a net long-term capital loss. Martha has no qualified dividend income. Also, Martha's 2018 taxable income puts her in the 24% tax bracket. Which of the following is correct?

• A) Martha will use Parts I, II, and III of 2018 Form 1040 Schedule D.
• B) Martha will not benefit from the special treatment for long-term capital gains.
• C) Martha will have a capital loss deduction.
• D) All of the above.
• E) None of the above.

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Definitions:

Equivalent

A term used to describe a quantitative relationship in chemistry, representing entities that have the same capacity to react.

Diastereotopic

Diastereotopic refers to hydrogen atoms or groups in a molecule that are not identical and are replaced by another atom or group, leading to diastereomers.

Enantiotopic

Refers to atoms or groups in a molecule that are mirror images of each other but not superimposable, often discussed in the context of chirality in organic chemistry.

Chemically Equivalent

Term used to describe atoms or groups in a molecule that have identical chemical environments and exhibit the same chemical behavior.