When Electing to Include Long-Term Capital Gains and Qualified Dividends

question 53

True/False

When electing to include long-term capital gains and qualified dividends in net investment income,taxpayers must include all long-term capital gains and dividends recognized for that year.

---

Definitions:

Developing

The process of growth, progress, or improvement toward a more advanced, complex, or mature state, often used in the context of countries, technology, or skills.

Efficient

The quality of achieving maximum productivity with minimum wasted effort or expense.

Capable of Survival

Having the means, skills, or conditions necessary to continue existence or operations.

Departmentalization

The organizational practice of dividing a business into distinct departments, each being responsible for certain tasks or processes.