_____ 12. The Section 1231 look-back rules change the character of capital losses incurred in the
previous 5 years.

Name: _____ 12. The Section 1231 look-back rules change the character of capital losses incurred in the previous 5 years.
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Question

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The Section 1231 look-back rules change the character of gains, not losses, from capital to ordinary if there were net Section 1231 losses in the previous 5 years.

_____ 12 the Section 1231 Look-Back Rules Change the Character of of Capital