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1. How is a capital asset defined in the IRC? 2. Explain Section 1231 property. 3. Explain holding periods: 4. Explain Capital Loss Carry Forwards.

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1. How is a capital asset defined in the IRC? 2. Explain Section 1231 property. 3. Explain holding periods: 4. Explain Capital Loss Carry Forwards. 5. Explain Section 1244 stock. 6. Explain Section 1245 property and recapture. 7. Explain Section 1250 property and recapture. 8. Explain Section 1250 recapture rules for other events

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