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In which of the following situations would the gains on the sale of commodities and futures be required to be reported Multiple Choice The sale
In which of the following situations would the gains on the sale of commodities and futures be required to be reported Multiple Choice The sale of commodities and futures is always treated as capital income. The nature of the taxpayer's business is closely associated with the commodity. The commodity is an infrequently traded cryptocurrency by an investor with little knowledge about the market and lit Similar transactions are accurately reported as capital income year after year.
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