LTCA/STCA Flashcards
1
Q
LTCA held for…
A
more than a year
2
Q
> 1year =
A
LTCA, STCA
3
Q
STCA held for
A
less than a year
4
Q
STCA taxed at
A
ordinary income rates
5
Q
qualified dividends are counted it
A
GI
6
Q
Overall tax analysis
A
see 11/2 Notes
- Calculate GI
- Subtract ATL
- Subtract BTL
- Calculate tax via rates
7
Q
Big time problems for net cap gains on 11.4
A
do them again biiiatch
8
Q
Net capital gain calculation is ___ parts
A
3 Parts
9
Q
NCG=
A
NCG= NLTCG-NSTCL, but not less than 0
10
Q
NLCG=
A
NLCG=LTCG-LTCL, but not less than 0
11
Q
NSTCL=
A
NSTCL-STCL-STCG, but not less than 0
