Will taxable income (or losses) and capital gain (or loss) be shared in the same proportion that operating cash flow is distributed?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter3: Income Sources
Section: Chapter Questions
Problem 22DQ: Are all losses realized on the sale of capital assets deductible?
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Will taxable income (or losses) and capital gain (or loss) be shared in the same proportion that operating cash flow is distributed?

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Taxes paid are reported as operating activities, even taxes related to investing and financing transactions. 

Capital gains are the profit generated from the sale of assets.

 

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