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    Federal Taxation
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    Exam 14: Property Transactions: Capital Gains and Losses, 1231, 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 94

Question 94

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% net long-term capital gain.

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