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Bill is the owner of a metal fabricating business. In addition, he owns a personal residence, common stocks, and a rental property. Which of the
Bill is the owner of a metal fabricating business. In addition, he owns a personal residence, common stocks, and a rental property. Which of the following would NOT be considered a capital asset to Bill?
Multiple Choice
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A stamping machine used in the metal fabricating company
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The rental home owned by Bill
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Stock in IBM Corporation
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Bill's personal residence
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