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For purposes of taxation of capital gains: a) Short - term capital gains are taxed...

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Accounting

For purposes of taxation of capital gains: a) Short - term capital gains are taxed at 5 percent. b) Gains on section 1231 assets may be treated as long term capital gains , while losses in some cases may be deducted as ordinary losses. c) under the provision of section 1245 , any gain recognized on the disposition of a section 1245 asset will be classified as capital gain.

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