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Code Section 1221 defines a capital asset by: A property held by a tax payer whether or not it is connected to the tax payer

image text in transcribedimage text in transcribed Code Section 1221 defines a capital asset by: A property held by a tax payer whether or not it is connected to the tax payer business or trade Code Section 1221 defines a capital asset byimage text in transcribedimage text in transcribed

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