A taxpayer who sells his or her principal residence at a realized loss can elect to recognize the loss even if a qualified residence is acquired during the statutory time period
a. True
b. False
Indicate whether the statement is true or false
False
RATIONALE: Realized losses on the sale of personal use assets are disallowed. So the taxpayer does not have the opportunity to choose to elect losses or not.
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In his article, "Innovative Imitation," Theodore Levitt argues that ________
A) imitation is wrong and should be punished B) product imitation might be as profitable as product innovation C) innovation is not possible without substantial imitation D) innovation cannot begin unless dissatisfaction with imitation occurs E) imitation should be against the law because of the intellectual property decision involved
Allowing a company to organize all its videos in one place, making it easy for visitors to get automatic video updates is an example of what?
A) Firehouse effect B) Community sites C) User generated content D) Promotional messaging E) Branded channeling