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    Federal Taxation
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    Exam 32: Corporations
  5. Question
    If a Corporation Reports Both a NLTCG and a NSTCG
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If a Corporation Reports Both a NLTCG and a NSTCG

Question 71

Question 71

True/False

If a corporation reports both a NLTCG and a NSTCG after netting all capital gains and losses,both the NLTCG and the NSTCG are subject to tax at rates applicable to ordinary income.

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