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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 14: Property Transactions: Capital Gains and Losses, Section 1231, and Recapture Provisions
  5. Question
    A Net Short-Term Capital Loss First Offsets Any 28% Net
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A Net Short-Term Capital Loss First Offsets Any 28% Net

Question 54

Question 54

True/False

A net short-term capital loss first offsets any 28% net long-term capital gain before it offsets either 25% net long- term capital gain or 0%/15%/20% net long-term capital gain.

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