A Loss from a Worthless Security Is Always Treated as a Short-Term

question 95

True/False

A loss from a worthless security is always treated as a short-term capital loss.

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Definitions:

Nasal

Pertaining to the nose, including its structure, functions, or conditions affecting it.

Sphenoid

A butterfly-shaped bone at the base of the skull, part of the cranium, and contains the sphenoid sinus.

Ethmoid

A porous bone located between the eyes and forming part of the nasal cavity and the eye sockets.

Zygomatic

Pertaining to the cheekbone or zygoma, which is a bone that forms part of the orbit of the eye and the cheek.