The Tax Law Requires That Capital Gains and Losses Be

The tax law requires that capital gains and losses be separated from other types of gains and losses. Among the reasons for this treatment are:

A) Long-term capital gains may be taxed at a lower rate than ordinary gains.
B) Capital losses that are short-term are not deductible.
C) Net capital loss is deductible only up to $3,000 per year for individual taxpayers.
D) a. and c.
E) None of the above.