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Gain, in certain cases, may be treated as capital gain in which of the following situations? a. Upon recognition of a nonbusiness bad debt b.

Gain, in certain cases, may be treated as capital gain in which of the following situations?

a. Upon recognition of a nonbusiness bad debt

b. Upon the sale of inventory

c. On the sale of Section 1231 property

d. In none of the above situations

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