Examlex
Which part of the nervous system controls our glands and internal organ muscles?
Short-Term Capital Loss
A financial loss realized on the sale of securities or assets held for one year or less, which can be used to offset capital gains for tax purposes.
Long-Term Capital Gain
The profit from the sale of an asset held for more than a year, generally taxed at a lower rate than short-term gains.
AGI
Adjusted Gross Income, the total income minus specific deductions, serving as a basis for calculating taxable income and certain tax credits.
Section 1231 Gain
A gain from the sale or exchange of property used in a business or trade that is treated as capital gain for tax purposes, providing tax advantages.
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