Examlex
The abbreviation for the plastic pipe used in systems for water drains, waste drains, and low-temperature vents is ____________________.
Realized Gain
The profit earned from the sale of an asset, such as stocks, bonds, or real estate, which becomes taxable when the asset is sold.
Selling Expenses
Expenses incurred directly or indirectly in making a sale, such as commissions, advertising costs, and shipping expenses.
Disallowed Loss
A loss that cannot be claimed for tax deduction purposes because it does not meet certain IRS criteria.
Capital Gains
The profit from the sale of assets or investments when the selling price exceeds the original purchase price.
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