Use the following two columns of items to answer the matching questions below:
-capital gains
A)interest earned from savings and debt securities
B)forms used to report interest and deductions
C)reportable income from any source
D)earnings from stocks
E)selling an asset for more than it cost

Question

Quizplus · Accepted Answer

Capital gains refer to the profit earned from selling an asset for more than it cost.

Answer: D
 Earnings from stocks are considered capital gains.

Capital gains do not refer to interest earned from savings and debt securities (A), forms used to report interest and deductions (B), or reportable income from any source (C).

Use the Following Two Columns of Items to Answer the Matching