Question
How are the gains and losses from the sale of Section 1231 assets taxed? (Disregard depreciation recapture rules.) a. Section 1231 gains: capital, Section 1231
How are the gains and losses from the sale of Section 1231 assets taxed? (Disregard depreciation recapture rules.)
| a. | Section 1231 gains: capital, Section 1231 losses: capital | |
| b. | Section 1231 gains: ordinary, Section 1231 losses: ordinary | |
| c. | Section 1231 gains: capital, Section 1231 losses: ordinary | |
| d. | Section 1231 gains: ordinary, Section 1231 losses: capital |
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Fundamentals Of Business Mathematics In Canada
Authors: F. Ernest Jerome, Jackie Shemko
3rd Edition
1259370151, 978-1259370151
