Problem #$16$ of $31$

$13$

Which of the following statements about capital losses is true?

$14$

a$.$ Net long$-$term losses are deducted before net short$-$term losses.

$15$

b$.$ Net long$-$term capital losses are granted preferential tax rates.

c$.$ Capital losses may be carried back $3$ years to offset cap$$tal gains in those years.

$16$

d$.$ Shares of stock held for investment are capital assets.

$17$

$18$