Which of the Following Is True About Capital Gains

question 61

Multiple Choice

Which of the following is true about capital gains?

• A)Short-term capital gains are not netted with other capital gains and losses.
• B)For 2016, long-term capital gains are subject to special tax treatment.
• C)Long-term capital gains are never taxed.
• D)Net short-term capital gains are not netted with net long-term capital losses.
• E)None of the above.

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Definitions:

Milliliter Bottles

Milliliter bottles are containers that have a capacity measured in milliliters, commonly used to hold liquids in precise quantities.

Ounces

A unit of weight commonly used in the United States, equivalent to 1/16th of a pound.

Kiloliters

A metric unit of volume equivalent to 1,000 liters, often used to measure large quantities of liquid.

Aviation Fuel

A specialized type of petroleum-based fuel used to power aircraft.