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    Business
  3. Study Set
    Fundamentals of Taxation
  4. Exam
    Exam 7: Capital Gains and Other Sales of Property Schedule D and Form 4797
  5. Question
    Capital Assets Are Usually Defined by the IRC as Any
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Capital Assets Are Usually Defined by the IRC as Any

Question 112

Question 112

True/False

Capital assets are usually defined by the IRC as any asset used for personal or investment purposes and sometimes are defined by the IRC as what they are not.

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