Question: Progress: 4 5 / 7 0 items Question Content Area Which of the following is correct? a . Misclassifying a 1 2 3 1 gain

Progress:45/70 items
Question Content Area
Which of the following is correct?
a. Misclassifying a 1231 gain as a short-term capital gain might affect adjusted gross income.
b. Improperly classifying a capital loss as a 1231 loss might affect adjusted gross income.
c. Improperly classifying a 1231 loss as a capital loss might affect adjusted gross income.
d. All of these choices are correct.

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