Which of the Following Is Not True of the Netting

question 1

Multiple Choice

Which of the following is not true of the netting process for capital gains and losses?

• A)Short-term capital gains and losses are combined and result in either a net short-term capital gain (NSTCG) or a net short-term capital loss (NSTCL).
• B)Long-term capital gains and losses are combined and result in either a net long-term capital gain (NLTCG) or a net long-term capital loss (NLTCL).
• C)If a taxpayer has both a NSTCG and a NLTCG or both a NSTCL and a NLTCL, the results are netted in the second stage of the netting process.
• D)If a taxpayer has either a NSTCG and a NLTCL or NSTCL and a NLTCG, the results are netted in the second stage of the netting process.

---

Definitions:

Self-reports

A method of data collection in which individuals provide information about themselves, often used in psychological assessments and research.

Guided Imagery

A therapeutic technique involving the directed visualization of calming and positive images to promote relaxation and healing.

Feelings And Attitudes

Emotional states or inclinations toward particular ideas, situations, or people.

Self-concept

An individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's abilities, appearance, and values.