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Which of the following is/are not true with respect to capital gains and losses? (choose all that apply) a. Capital Losses are carried forward indefinitely

Which of the following is/are not true with respect to capital gains and losses? (choose all that apply)

a. Capital Losses are carried forward indefinitely

b. Capital Losses are 100% deductible in the year incurred.

c. They arise from core business activities

d. Capital Gains are taxed as ordinary income

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