Title

The sale of a capital asset for a profit

To report capital gains and losses to the IRS

To list all capital gain and loss transactions

<p>A profit made when selling an asset for more than its purchase price</p> Signup and view all the answers

<p>They can be used to offset capital gains in the same year or carried forward to future years</p> Signup and view all the answers

<p>A company car used for business purposes</p> Signup and view all the answers