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192. What can be said of large capital losses? A. Capital losses may be limited in the year of the loss and so result in
192. What can be said of large capital losses?
A. Capital losses may be limited in the year of the loss and so result in carryover.
B. Only long-term capital losses may be limited in the year of the loss and so result in carryover.
C. Only short-term capital losses may be limited in the year of the loss and so result in carryover.
D. None of the above are true.
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