When is a capital gain considered short term

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Reference no: EM131306499

1. Capital Gains. What are capital gains? When is a capital gain considered short-term? When is it considered long-term? Why is this distinction important?

2. Adjusted Gross Income. How is adjusted gross income determined?

3. Standard Deduction. What is a standard deduction? What is the standard deduction based on?

Reference no: EM131306499

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