Since the Code section that defines "capital asset" says what is not a capital asset, other Code sections have to help determine what is and what is not a capital gain or loss

Although companies pursue different competitive strategies, all strategies deal with plans for

a. offering the lowest prices in the industry. b. competing successfully. c. keeping profit margins as high as possible. d. offering a broad range of products or services for just about every type of buyer.

A payment by a taxpayer to a former spouse pursuant to an agreement executed in 2016 may qualify as alimony even though

a. The liability to make the payment would survive the recipient spouse's death. b. The payment is designated as child support. c. The payment is to a third party. d. The payment is made to keep up the taxpayer's property.