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In the "General Procedure for § 1231 Computation: Step 2.§ 1231 Netting," if the gains exceed the losses, the net gain is offset by the "lookback" nonrecaptured § 1231 losses.
Social Animals
Species that interact highly with other members of their species to such an extent that they have complex social structures and behaviors.
Political Animals
A term derived from Aristotle to describe humans as naturally social beings that are intrinsically involved with politics and community life.
Individualistic Animals
Animals that prioritize their own needs and survival over that of their group or species, typically engaging in behaviors that maximize their own fitness.
Situational Forces
External circumstances or pressures that influence an individual's behavior, often beyond the person's control, impacting their actions and decisions.
Q29: Section 1245 may apply to depreciable farm
Q39: When a taxpayer transfers property subject to
Q66: On December 31, 2012, Peregrine Corporation, an
Q71: During 2012, Zeke and Alice, a married
Q75: Judith (now 37 years old) owns a
Q78: Taylor sold a capital asset on the
Q85: Katherine, the sole shareholder of Purple Corporation,
Q86: Gains and losses on nontaxable exchanges are
Q87: Miriam, who is a head of household
Q130: An individual has a $20,000 § 1245