Which of the following statements regarding the tax rules pertaining to capital gains is correct? 1 The taxpayer's basis

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answerhappygod
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Which of the following statements regarding the tax rules pertaining to capital gains is correct? 1 The taxpayer's basis

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Which of the following statements regarding the tax rules
pertaining to capital gains is correct?
1 The taxpayer's basis in a capital asset is recovered tax free
when the asset is disposed of in a sale or exchange
2 One difference between a long term capital gain and a short
term capital gain is the length of time the taxpayer held the
capital asset in question
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