Question

what is meant by net capital income​

Answer 1

Answer:

Net Capital Gain means the amount by which the sum of long-term capital gains and short- term capital gains on a claimant's, estate's, or trust's transactions from exchanges made for a taxable year of one form of legal tender for another form of legal tender exceeds the sum of long-term capital losses and short-term

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Answer 2

Net Capital Gain means the amount by which the sum of long-term capital gains and short- term capital gains on a claimant's, estate's, or trust's transactions from exchanges made for a taxable year of one form of legal tender for another form of legal tender exceeds the sum of long-term capital losses and short-term .