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Taxation Question

What makes the disposition of an asset a "capital gain" or "capital loss" instead of an ordinary gain or loss? Why do you think the distinction was written into the tax code? Why the distinction between long and short term?

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What makes the disposition of an asset a "capital gain" or "capital loss" instead of an ordinary gain or loss? Why do you think the distinction was written into the tax code? Why the distinction between long and short term?

Under US Tax Code's section 1222, gain or loss from sale ...

Solution Summary

Taxation Question is discussed very comprehensively in this explanation.

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