Are all capital gains taxed at the same rate explain

Reference no: EM13905671

1. Is it easier to describe what a capital asset is or what it is not? Explain.

2. Are all capital gains (gains on the sale or disposition of capital assets) taxed at the same rate? Explain.

3. Are taxpayers allowed to deduct net capital losses (capital losses in excess of capital gains)? Explain.

Reference no: EM13905671

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