Are all capital gains gains on the sale or disposition of


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.

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Taxation: Are all capital gains gains on the sale or disposition of
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