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:

WTO

The World Trade Organization, an international body that regulates and facilitates global trade.

Tripartite Structure

A three-party framework or system commonly used in industrial relations involving negotiations or discussions between labor (employees or unions), employers, and the government.

ILO

The International Labour Organization is an agency of the United Nations that establishes global labor standards and advocates for workplace rights.

World Trade Organization

An international organization founded in 1995 designed to supervise and liberalize world trade by providing a forum for negotiations and dispute resolution.