There Is No Limit on the Amount of Capital Losses

question 52

True/False

There is no limit on the amount of capital losses that an individual may deduct against ordinary income.

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Definitions:

Productive Income

Earnings derived from engaging in productive activities, such as employment or investment.

Permanent Legal Residents

Individuals who are not citizens of a country but who have been granted the right to live in that country indefinitely and access most of its legal rights.

Family Sponsored

A process in immigration policy where family members can sponsor relatives for visas or residency, based on familial relationships.

Illegal Immigrants

Individuals who enter or reside in another country without proper authorization from that country.