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22. Which of the following is not a tax status for an asset? a. Capital loss asset. b. Capital asset. c. Section 1231 asset. e.

22. Which of the following is not a "tax status" for an asset? a. Capital loss asset. b. Capital asset. c. Section 1231 asset. e. All of the above 30. Under the income tax formula, a taxpayer must choose between deductions for AGI and the standard deduction. a. True b. False

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