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Problem 1: Which of the following is true about capital gains?
a. For 2019, long-term capital gains are subject to special tax treatment.
b. Long-term capital gains are never taxed.
c. Short-term capital gains are not netted with other capital gains and losses.
d. Net short-term capital gains are not netted with net long-term capital losses.
e. None of these choices are correct.
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liquid extracts company produces a line of fruit extracts for home use in making wine jams and jellies pies and meat
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