Examlex
What is a characteristic of global commands in the VPlexcli?
Suspended Losses
Losses that cannot be deducted in the current year and must be carried forward to future years for deduction under certain tax rules.
Actively Participated
Actively Participated refers to a taxpayer's involvement in the operations and decision-making of an investment or business activity, which may affect tax treatment.
Class Asset
Categories of assets grouped together based on having similar financial characteristics, often used in finance for valuation and risk assessment.
Like-kind Treatment
A tax deferral for exchanges of business or investment properties of similar nature, per Internal Revenue Code Section 1031.
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