Question
Why is the treatment of Section 1231 gains and losses for individual taxpayers more advantageous than the treatment of gains and losses from other assets?
Why is the treatment of Section 1231 gains and losses for individual taxpayers more advantageous than the treatment of gains and losses from other assets?\ \ Multiple choice question.\ \ Because the treatment allows losses on personal use assets to be fully deducted against all types of income\ \ \ Because business assets with a short-term holding period can receive the same favorable tax treatment as assets with long-term holding periods\ \ \ Because any losses that can NOT be deducted in the current year can be carried forward indefinitely\ \ \ Because the gains receive preferential tax rates, while the losses are fully deductible rather than restricted
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