Which of the following is Section 1231 property? a. Land held for investment purposes. b. A machine

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Which of the following is Section 1231 property? 

a. Land held for investment purposes.

b. A machine used in a business.

c. Accounts receivable.

d. Inventor. 

e. Paintings owned by the artist.

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Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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