A Taxpayer Cannot Compute Its Net Section 1231 Gain or Loss

question 15

True/False

A taxpayer cannot compute its net Section 1231 gain or loss for a taxable year until the year closes.

---

Definitions:

Galleons

Were large multi-decked sailing ships used primarily by European states from the 16th to 18th centuries, mainly for oceanic exploration and warfare.

Gainsharing Plan

A program designed to encourage teamwork, improvement of performance and productivity, by sharing with employees the gains achieved through their efforts.

Job Design Strategies

Job design strategies involve creating roles and responsibilities within an organization that enhance worker satisfaction and productivity.

Work Efficiency

The ability to accomplish tasks with the minimum expenditure of time and effort.