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1. The concept of recovery of capital doctrine refers to: a. Capital as an accumulation of previously taxed income / recovery of investment b. A type of tax other than income tax c. Refers to the tax rate gain is taxed at d. Is defined in the Internal Revenue Code 2. Bitcoin or virtual currency is an example on how the tax law needs to evolve to refle the current economy. The best way to describe the taxation of virtual currency is: a. Is taxed the same as all other money b. Is taxed when received c. Is taxed as foreign currency d. Is taxed as property