Examlex
What important information is needed if you are installing an OEM version of Windows 7?
Gift
Something voluntarily transferred by one person to another without compensation.
Short-term Capital Loss
A loss realized from the sale or exchange of a capital asset held for one year or less.
Long-term Capital Gain
Profit from the sale of an asset held for more than one year, typically taxed at a lower rate than regular income.
Section 1245
A section of the tax code that involves recapturing depreciation on certain types of property as ordinary income upon sale.
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