Which of the Following Is True About Capital Gains

question 97

Multiple Choice

Which of the following is true about capital gains?

• A)Short-term capital gains are not netted with other capital gains and losses.
• B)For 2019, long-term capital gains are subject to special tax treatment.
• C)Long-term capital gains are never taxed.
• D)Net short-term capital gains are not netted with net long-term capital losses.
• E)None of these

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Definitions:

Taft-Hartley Act

A U.S. federal legislation from 1947 that limits the power and actions of trade unions.

First Amendment

A fundamental part of the United States Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition.

Union Contract

A written agreement between an employer and a labor union that outlines the terms of employment, wages, benefits, and working conditions for unionized employees.

Strike

A stoppage of work by employees as a means of enforcing a demand made on their employers.