Question
1/which of the following is true about capital gains? a. short-term capital gains are not netted with other capital gains and losses. b. for 2015,
1/which of the following is true about capital gains?
a. short-term capital gains are not netted with other capital gains and losses.
b. for 2015, long-term capital gains are subject to special tax treatment.
c.long-term capital gains are never taxed.
d.net short-term capital gains are not netted with net long-term capital losses.
e. none of the above
2/ which of the following is deductible as a miscellaneous itemized deduction?
a. union dues
b. professional dues and subscriptions
c. job hunting expenses
d. investment expenses.
e.all of the above are miscellaneous deductions.
3/which of the following charitable contributions is not taxable?
a.cash donated to a qualified church
b.clothing donated to a qualified veteran's organization
c.time donated to a qualified veteran's organization
d.donation of a car to a qualified non-profit organization
e.all of the above are tax deductible
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