A personal automobile (i.e., one that is owned by the taxpayer and driven for personal purposes) is an example of a capital asset.
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Q1: The first step in the capital gain
Q2: For a capital gain or loss to
Q4: A long-term capital loss carryforward is treated
Q5: In order for real property to be
Q6: Gain or loss resulting from lease cancellation
Q7: Section 1244 applies to losses, but not
Q8: The holding period of property acquired by
Q9: A net short-term capital gain (NSTCG) with
Q10: The holding period of like-kind property acquired
Q11: Casualties and thefts involving personal-use property are
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