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8 . Is this statement accurate concerning capital gains and losses? a . the basis of an inherited asset is generally the fair market value

8. Is this statement accurate concerning capital gains and losses?
a. the basis of an inherited asset is generally the fair market value of the property on the date of the decedents death.
b. capital losses may be used to offset capital gains.
c. capital gains are reported on schedule b of form 1040.

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