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Are short-term capital gains taxed as ordinary income or are they provided preferential tax treatment? Long-term capital gain Foreign tax credit Distinguish between a realized

Are short-term capital gains taxed as ordinary income or are they provided preferential tax treatment?

Long-term capital gain

Foreign tax credit

Distinguish between a realized gain and an unrealized gain (additional research may be required)

define these terms / answer these questions, in your own words:

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