Which of the following is a false (untrue) statement? A. Gains on stock holdings are not...
Which of the following is a false (untrue) statement?
A. Gains on stock holdings are not subject to taxation until the stock is actually sold.
B. One can only exclude the gain on one's sale of a personal residence once every 5 years.
C. Wealthier taxpayers may be subject to the 3.8% net investment income tax that includeds investment income such as interest, dividends, annuities, rents, and net capital gains.
D. All of the above statements are true (correct).
Homework Answers
B.ONe can only exclude the gain on one's sale of a personal residence once every 5 years.
The above statment is false since, gain on one's sale of personal residence is excluded once in every two years.
gain on stock holdings are subject to tax only upon sale of such assets...(so A is true).
wealthier taxpayers subject to 3.8 % net investment income tax is true.
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