The General Rule Is That a Net Section 1231 Loss

question 95

True/False

The general rule is that a net Section 1231 loss is treated as a capital loss and a net Section 1231 gain is treated as ordinary income.

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Definitions:

Romantic Love

A deep emotional and passionate affection for another person, often associated with desire and attachment.

Consummate Love

A type of love described by psychologist Robert Sternberg as having three components: intimacy, passion, and commitment.

Commitment

A dedication or obligation that restricts freedom of action.

Lonely People

Individuals who experience a subjective feeling of isolation or lack of companionship.