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6 Short term capital gains are taxed at the preferential capital gains rates. True False Question 7 1 pts 1 pts Gain on a taxpayer's

6 Short term capital gains are taxed at the preferential capital gains rates. True False Question 7 1 pts 1 pts Gain on a taxpayer's sale of personal residence is excluded if the taxpayer reinvests the proceeds in a similar residence within 2 1/2 years. True O False

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