The Tax Liability on Unrealized Capital Gains Can Be Deferred

question 131

True/False

The tax liability on unrealized capital gains can be deferred for up to ten years.

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Definitions:

Pineal Gland

A small, pea-shaped gland in the brain that produces melatonin, a hormone that regulates sleep-wake cycles.

Insulin

A substance secreted by the pancreas that controls blood glucose levels by promoting glucose absorption into the body's tissues.

Resting Potential

The electrical potential of a neuron or other excitable cell relative to its surroundings when not stimulated or involved in passage of an impulse.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, which integrates information received from the body and coordinates activity.