If the Taxpayer's Aggregate Section 1231 Gains for the Year

question 114

True/False

If the taxpayer's aggregate Section 1231 gains for the year exceed aggregate Section 1231 losses for the year,all such gains and losses are considered to be ordinary.

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Definitions:

Singular Propositions

Statements that make a claim about a specific single entity or unique instance.

Syllogisms

Logical arguments that apply deductive reasoning to arrive at a conclusion based on two or more premises that are asserted to be true.

Minor Term

In syllogistic logic, the term that appears in the conclusion and is the subject of the minor premise.

Major Term

In logic, specifically in a syllogism, the major term is the predicate of the conclusion.