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The determination for marketable security with respect to disproportionate distribution is accomplished by reducing the amount of marketable securities that is treated as money using the following steps:
1. The excess of the partner's share of ne Continue Reading...
Capital Assets
Classification of Gains or Losses on Futures Contracts
Facts: Taxpayer: In order to properly account for the loss that she took on her futures, Haig Simmons must understand the difference between a capital loss (or gain) and an ordin Continue Reading...
Some Chinese researchers assert that Chinese flutes may have evolved from of Indian provenance.
In fact, the kind of side-blown, or transverse, flutes musicians play in Southeast Asia have also been discovered in Africa, India, Saudi Arabia, and C Continue Reading...