Examlex
When ideas are coherent in a written passage, they are:
Long-term Loss
A loss realized on the sale or exchange of a capital asset held for more than one year.
Gift Tax
A tax on the transfer of assets or money from one person to another without receiving something of equal value in return, in excess of annual and lifetime exemptions.
Section 1231
A tax provision that allows for the preferential tax treatment of gains and losses on the sale or exchange of business property and assets held for more than one year.
Depreciation
An accounting method used to allocate the cost of a tangible or physical asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.
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