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19. There can be three subgroups within the long-term capital gain or loss group-096/1596/2096, 25%, and 28%. a. True b. False 20. Once 5 1231

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19. There can be three subgroups within the long-term capital gain or loss group-096/1596/2096, 25%, and 28%. a. True b. False 20. Once 5 1231 gains are netted against $ 1231 losses, if the gains exceed the losses, the net gain is offset by the "lookback" nonrecaptured a. True b. False $1231 losses

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