The General Rule Is That a Net Section 1231 Loss

question 95

True/False

The general rule is that a net Section 1231 loss is treated as a capital loss and a net Section 1231 gain is treated as ordinary income.

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Definitions:

Olfaction

The sense of smell, a chemical sense that detects airborne molecules and contributes to taste and environmental awareness.

Cochlear Hair Cells

Sensory cells located in the cochlea of the ear; they are essential for converting sound vibrations into electrical signals for the brain to interpret as sound.

Localize Sound

The ability of an organism to determine the origin of a sound source in its environment.

Sensory Information

Data received from the environment through the senses, such as sight, sound, smell, touch, and taste.