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25. Which of following are true or false: a. In order to benefit from the favorable capital gain rate the holding is exactly 1 year
25. Which of following are true or false: a. In order to benefit from the favorable capital gain rate the holding is exactly 1 year b. C-corporations don't care about capital losses C. Basis carries over for property inherited d. Unrealized Section 1250 gain on property inherited is carried over to the heir e. An IRA (non Roth) is an example of an asset received at death by an heir that does not get step up treatment f. Collectibles such as stamps and coins can use the 0%, 15%, 20% capital gains rates__ g. Section 1202 stock is relevant for capital gain rate determination h. Losses on Section 1231 assets are treated as ordinary losses i. Sales of personal assets are taxable as gains and non-deductible as losses 25. Which of following are true or false: a. In order to benefit from the favorable capital gain rate the holding is exactly 1 year b. C-corporations don't care about capital losses C. Basis carries over for property inherited d. Unrealized Section 1250 gain on property inherited is carried over to the heir e. An IRA (non Roth) is an example of an asset received at death by an heir that does not get step up treatment f. Collectibles such as stamps and coins can use the 0%, 15%, 20% capital gains rates__ g. Section 1202 stock is relevant for capital gain rate determination h. Losses on Section 1231 assets are treated as ordinary losses i. Sales of personal assets are taxable as gains and non-deductible as losses
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