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Which of the following statements is true with respect to capital assets for individual taxpayers?A.The taxpayer must report gains and losses on investment property, but only reports gains on personal property.B.Losses on investment property are deductible only to the extent of gains on investment property.C.Losses on personal use property are deductible only to the extent of gains on personal use property.D.Gains and losses for both investment and personal property are reported on schedule D of the form 1040.
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