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a. Explain in some detail, from the perspective of the IRS, the difference between taxing capital gains on a realized basis vs. an accrual basis.
a. Explain in some detail, from the perspective of the IRS, the difference between taxing capital gains on a realized basis vs. an accrual basis.
b. Explain in some detail, from the perspective of the tax filer, the difference between taxing capital gains on a realized basis vs. an accrual basis.
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