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If a Capital Asset Held for One Year or More

question 105

True/False

If a capital asset held for one year or more is sold at a gain,the gain is classified as long-term capital gain.


Definitions:

Hyperthyroidism

A condition in which the thyroid gland is overactive, producing excessive amounts of thyroid hormones, leading to a sped-up metabolism.

Hypothyroidism

A common endocrine disorder resulting from a deficiency of thyroid hormone, leading to symptoms like fatigue, weight gain, and cold intolerance.

Dysrhythmias

Abnormal disturbances in the rhythm of the heart.

Encephalitis

A brain inflammation condition often caused by an infection.

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