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Which of the following statements about individual capital gains and losses is false? a)Gain on sale of Section 1231 depreciable real property is taxed at

Which of the following statements about individual capital gains and losses is false? a)Gain on sale of Section 1231 depreciable real property is taxed at a 25% maximum rate. b)Short-term capital gains are taxed as ordinary income. c)Capital losses are deductible only against capital gains. d)Nondeductible capital losses are carried forward for deduction against future capital gains.

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