Which of the Following Is Correct

question 108

Multiple Choice

Which of the following is correct?

• A) Improperly classifying a § 1231 loss as a capital loss might affect adjusted gross income.
• B) Improperly classifying a capital loss as a § 1231 loss might affect adjusted gross income.
• C) Misclassifying a § 1231 gain as a short-term capital gain might affect adjusted gross income.
• D) Misclassifying a short-term capital gain as a § 1231 gain might affect adjusted gross income.
• E) All of the above.