Examlex
Let and . Find __________
Deemed Worthless
A term referring to assets that have become valueless and are recognized as a loss for tax purposes.
Long-Term Loss
A loss realized from the sale of an asset held for more than one year, which can offset long-term capital gains.
Short-Term Loss
A financial loss realized on the sale of an asset held for one year or less, used to offset capital gains and reduce taxable income.
Single Category Average
A measure that represents the average value within a specific, singular category of data.
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