Examlex
The output shaft speed sensor of 6R60 transmission is a(n) ________
Trade or Business
Activity conducted for the purpose of earning income or profit, involving regular and continuous activities in a particular field.
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.
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