Which of the Following Statements About the Individual Capital Gains

question 78

Multiple Choice

Which of the following statements about the individual capital gains and losses is false?

• A) Gain on sale of Section 1231 depreciable real property is taxed at a 25% maximum rate.
• B) Short-term capital gains are taxed as ordinary income.
• C) Capital losses are deductible only against capital gains.
• D) Nondeductible capital losses are carried forward for deduction against future capital gains.

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