A Net Capital Loss Carry Forward Can Only Be Deducted

question 117

True/False

A net capital loss carry forward can only be deducted to the extent that there are net tax- able capital gains in the carry forward year.

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Definitions:

Anti-abortion Advocates

Individuals or groups who oppose abortion and often support laws or policies to restrict or ban the procedure.

Countercultural Groups

Groups that reject and oppose significant elements of the dominant culture, advocating for alternatives to mainstream values and norms.

Dominant Culture

Refers to the prevailing culture in a society, which influences institutions, practices, and values, often overshadowing or marginalizing smaller or sub-cultures.

Popular Culture

The set of ideas, perspectives, attitudes, images, and other phenomena that are within the mainstream of a given culture, especially Western culture in the late 20th and early 21st centuries.