1. When a taxpayer sells an asset, how is it the amount of the gain determined? 2. Determining the character of a gain or loss is a much more 3. What critical analysis could be necessary to determine the character of gain on the sale of land that has been developed and subdivided before sale? 4. Section 1231 assets may potentially result in what type of gain? 5. Any asset capital gain under Section 1231 is further subject to a under Section 1231. 6. It is critically important to understand the manner in which Sections 1245 and 1250 with Section 1231. 7. Can an asset be a Section 1245 asset and a Section 1250 asset