When a Taxpayer Has NSTCL and NLTCG,the Loss Is Offset

question 72

True/False

When a taxpayer has NSTCL and NLTCG,the loss is offset against NLTCG from the 28% group,then NLTCG from the 25% group,and finally against NLTCG from the 15% or 20% group.

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Definitions:

Dimethylpropyl

A hydrocarbon group or moiety consisting of a propyl backbone with two methyl substituents.

Ethyl

An organic functional group or radical derived from ethane, containing two carbon atoms.

Decane

A saturated hydrocarbon with the molecular formula C₁₀H₂₂, which is a component of gasoline.

Isomers

Compounds with the same molecular formula but different structural arrangements, leading to different physical and chemical properties.