When Should You Consider the Tax Consequences of Selling Your

question 17

Multiple Choice

When should you consider the tax consequences of selling your investments?

• A) Only when you make your own decisions
• B) Only when you have professional help
• C) When the taxes due are less than $300 per transaction
• D) When you make your own decisions or when you have professional help
• E) When you are working with professionals and taxes due are less than $300 per transaction

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Definitions:

Reasonable Force

The minimal level of force necessary to protect oneself, prevent a crime, or apprehend a suspect legally.

Self-Defense

The right to defend oneself against physical harm, usually within the constraints of legal justification.

Defense of Property

The legal right to use reasonable force to protect one's property from theft, damage, or invasion.

Common Law Doctrine

A Common Law Doctrine is a rule or principle established from precedent, derived from court decisions, rather than statutes or written law.