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Business, 21.08.2021 04:40 whatsittoya4261

When a security position is liquidated for a gain, cost basis A) is taxed as ordinary income. B) represents the difference between capital invested and sales proceeds. C) represents a return of capital invested (principal). D) is taxed as a capital gain.

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When a security position is liquidated for a gain, cost basis A) is taxed as ordinary income. B) rep...
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