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Talbot purchased a laptop for $1,500. The laptop is used solely for his self-employment business. Two years later, Talbot experienced serious financial difficulty and sold

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Talbot purchased a laptop for $1,500. The laptop is used solely for his self-employment business. Two years later, Talbot experienced serious financial difficulty and sold the laptop for $1,000, sustaining a $500 loss. What is the character of the loss? Section 1245 loss O Capital loss Casualty loss Section 1231 loss

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