Question: Access the U.S. Code and answer the following (use either a tax research database or a web site, such as http://uscode. house.gov/usc.htm): a. What is

Access the U.S. Code and answer the following (use either a tax research database or a web site, such as http://uscode. house.gov/usc.htm):

a. What is the general content of IRS Code Sec. 61?

b. What is the general content of IRS Code Sec. 166(d)?

c. Find the precise authority within the Code that defines “net long-term capital gains.”

d. Find the precise authority within the Code that determines if the gain on the sale of a home is taxable.

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