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The tax law definition of acapital asset includes personal-use assets. Discuss the required treatment of gains from the disposition (sale) of personal-use assets versus the

The tax law definition of acapital asset includes personal-use assets. Discuss the required treatment of gains from the disposition (sale) of personal-use assets versus the treatment of losses. also, discuss the policy or policies that underline the disparity between the treatments (between gains and losses) and your personal view of this disparity.

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