Corps and individuals calculate capital gains and losses in the same way by netting short-term...
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Accounting
Corps and individuals calculate capital gains and losses in the same way by netting short-term and long-term gains and losses. Net capital losses of $3,000 can be deducted from ordinary income and then after that, any remaining can be carried back three years and forward five years to offset capital gains.
True / False
A jury trial is permitted in the
A. U.S. District Court.
B. U.S. Court of Federal Claims.
C. U.S. Tax Court.
D. U.S. Tax Court when the small case procedures are used.
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