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Which of the following is true about capital gains? a. Short-term capital gains are subject to special tax treatment. b. Net long-term capital gains are

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Which of the following is true about capital gains? a. Short-term capital gains are subject to special tax treatment. b. Net long-term capital gains are offiet by short-term capital gains. c. Long-term capital gains are never taxed. d. Short-term capital gains are offiset first by short-term capital losses

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