If There Is a Net § 1231 Loss, It Is

question 36

True/False

If there is a net § 1231 loss, it is treated as an ordinary loss.

---

Definitions:

Adult Children

Individuals who are legally considered adults but are referred to in context as children due to their relationship to their parents or guardians.

Spouse's Partner

Typically refers to an individual who is in a committed relationship or marriage with another person; it can also imply situations of polyamory or non-monogamous relationships.

Adult Children

Individuals who are legally adults, typically over the age of 18, considered in relation to their parents or parental figures.

Household Labor

Tasks and chores undertaken in managing the functioning of a household, including cleaning, cooking, and maintenance.