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Author Question: If a corporation reports both a NLTCG and a NSTCG after netting all capital gains and losses, both ... (Read 90 times)

savannahhooper

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Question 1

Corporations must divide their deductions between deductions for and deductions from AGI.
◦ true
◦ false

Question 2

If a corporation reports both a NLTCG and a NSTCG after netting all capital gains and losses, both the NLTCG and the NSTCG are subject to tax at rates applicable to ordinary income.
◦ true
◦ false


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Marked as best answer by savannahhooper on Sep 13, 2020

fraziera112

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savannahhooper

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Reply 2 on: Sep 13, 2020
Excellent


parker125

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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