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Complete the following statements regarding gains and losses. gain is the amount of the gain that is included in the taxpayer's gross

Complete the following statements regarding gains and losses.\ \ \ gain is the amount of the \ gain that is included in the taxpayer's gross income. A \ loss, on the other hand, is the amount of a \ loss that is deductible for tax purposes.\ \ A loss from the sale, exchange, or condemnation of personal use assets is generally \ for tax purposes. Any gain from the sale or other disposition of personal use assets is generally \ .

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