Artistic creations are ordinary income assets

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Reference no: EM131593878

1. Artistic creations are ordinary income assets in the hands of the creator.

a. True

b. False

2. In determining net capital gains, the net short-term gain/loss can be combined with the net long-term gain/loss only if the net results are either both gains or both losses.

a. True

b. False

Reference no: EM131593878

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