Which of the following is true about capital gains?
A)Short-term capital gains are not netted with other capital gains and losses.
B)For 2018, long-term capital gains are subject to special tax treatment.
C)Long-term capital gains are never taxed.
D)Net short-term capital gains are not netted with net long-term capital losses.
E)None of the above.

Question

Quizplus · Accepted Answer

For 2018, long-term capital gains are subject to special tax treatment under the Tax Cuts and Jobs Act. Items such as married filing jointly, for taxpayers whose taxable income falls below $77,200, long-term capital gains are taxed at a 0% rate.

Which of the Following Is True About Capital Gains