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8. What is a helpful way to think about these sections? 1 a. Section 1231 b. Sections 1245 and 1250 Section 1245 OR Section 1231

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8. What is a helpful way to think about these sections? 1 a. Section 1231 b. Sections 1245 and 1250 Section 1245 OR Section 1231 and 9. An asset will typically be Section 1231 Section 1250. 10. Is Section 1231 taxpayer-friendly? 11. How are the sum of the taxpayers Section 1231 gains and losses treated when there is a a. net gain? b. net loss

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