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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

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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