Chapt 8 Matching Word Exercise.docx - Chapt 8 Matching Word Exercise*What happens to capital losses that are not deductible in the year that they are

Chapt 8 Matching Word Exercise.docx - Chapt 8 Matching Word...

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Chapt 8 Matching Word Exercise *What happens to capital losses that are not deductible in the year that they are realized. - carryover/carryback *How net losses are classified under section 1231. - Ordinary *How net gains are classified under section 1231. -Capital *Section 1245 is primarily concerned with this type of property. -personalty *The period that a taxpayer owns property. -Holding
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