Unused Capital Losses in Any One Year Carry Forward Indefinitely

question 97

True/False

Unused capital losses in any one year carry forward indefinitely to offset any future short-term or long-term gains.

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Definitions:

Traditional Store

A physical retail outlet where customers can visit in person to purchase goods or services.

Retail Life Cycle

The process of growth, maturity, and decline that retail businesses experience, similar to product life cycles.

Accelerated Development

The process of speeding up the creation and go-to-market strategy for a product or service to gain a competitive advantage or meet urgent demand.

Retail Life Cycle

The progression of a retail business or product through various stages, from introduction and growth to maturity and decline.