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A Nonbusiness Bad Debt Can Offset an Unlimited Amount of Long-Term

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A nonbusiness bad debt can offset an unlimited amount of long-term capital gain.


Definitions:

Original Units

The units in which the data was originally measured or collected before any transformations or conversions.

Skewed

A description of a statistical distribution that is not symmetrical, indicating that data points tend to extend more to one side of the mean than the other.

Median

The middle value of a data set when it is ordered from least to greatest, separating the higher half from the lower half.

Ordered Data Set

A collection of objects or numbers arranged in a natural, chronologically sequential or hierarchical order.

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