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Question 3 5 pts Which one of the following is true about Section 1231 assets? O Section 1231 assets are treated like capital assets when

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Question 3 5 pts Which one of the following is true about Section 1231 assets? O Section 1231 assets are treated like capital assets when they produce losses on sale O Business property held 1 year or less is considered a Section 1231 asset O Section 1231 assets include company stock O Section 1231 asset losses must be netted against 1231 asset gains before tax treatment is determined. O All of the above are false. Question 4 5 pts The exchange of shares of stock does not qualify for like kind exchange treatment. True O False

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