Chapter 5 - PLEASE, NO SPACES.

1234567891011121314
Across
  1. 3. An investor who anticipates that the <BLANK> of a stock or security will increase during the next few months may purchase a call options instead of actually buying the stock.
  2. 5. are generally deductible if they are incurred in carrying on a trade or business.
  3. 7. This type of asset is specifically given capital asset status.
  4. 9. This is a property that is not a capital asset
  5. 11. To recognize capital gain or loss, it is necessary to have a <BLANK> of a capital asset.
  6. 13. If the asset is held for less than one year, the gain or loss is classified as a <BLANK>.
  7. 14. Capital gains and losses are reported by individuals on schedule D, which is then attached to <BLANK>.
Down
  1. 1. The collection of <BLANK> is not a sale or an exchange.
  2. 2. The current rate on qualified dividends is <BLANK> for a taxpayer with a regular tax rate of 15% or less.
  3. 4. To determine the <BLANK>, the amount of realized from the sale or exchange of property is compared with the adjusted basis of that property.
  4. 6. This item is equal to the initial basis plus capital additions minus capital recoveries (depreciation).
  5. 8. These types of costs incurred to obtain or prepare an asset for service must be capitalized and allocated to the basis of individual asset.
  6. 10. is defined as the excess of net long-term capital gain over net short-term capital loss.
  7. 12. The length of time an asset is held before it is disposed of.