Glossary - Glossary Chapter 14 Alternative tax Capital...

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Glossary Chapter 14 Alternative tax An option that is allow percent (the same as does not produce a b percent for unrecaptu noncorporate taxpaye (rather than 15 perce (25 percent gain) . Capital asset Broadly speaking, all noncapital assets incl notes receivable, and See also capital gain Capital gain The gain from the sal Capital loss The loss from the sale Collectibles A special type of capi is more than one yea alcoholic beverages h Franchise An agreement that gi specified area. The c the franchisor's gain o power, right, or contin Holding period The period of time pro whether gain or loss f capital gain or loss ho Lessee One who rents prope Lessor One who rents prope Net capital gain The excess of the net gain of an individual t Net capital loss The excess of the los such assets. Up to $3 ordinary income. The capital loss cannot be to offset net capital ga Options The sale or exchange asset. Generally, the call and the purchase of activity in which the or paid in connection conservation, or main
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Glossary - Glossary Chapter 14 Alternative tax Capital...

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