On income tax forms,people are required to report

Question

Quizplus · Accepted Answer

Income tax forms generally require reporting of nominal interest earnings, which are the actual interest earned on an investment without adjusting for inflation. Real interest earnings, on the other hand, take inflation into account and are rarely explicitly required on tax forms. Real capital gains are also not explicitly required, as capital gains tax is usually calculated based on nominal price changes.

On Income Tax Forms,people Are Required to Report