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Short-term capital losses are netted against long-term capital gains, and long-term capital losses are netted against short-term capital gains.
Deposition
A legal process where a witness provides sworn, out-of-court oral testimony that can be used in court proceedings.
Preserve Testimony
The process of recording or documenting testimony through depositions or written statements to ensure it can be used in future legal proceedings.
Tools of Discovery
Procedures and methods used in litigation to gather facts and evidence before trial, including depositions, interrogatories, and document requests.
Interrogatories
A set of written questions from one party in a lawsuit to another party, which must be answered in writing and under oath.
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