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Which of the following examples of business-use property is NOT eligible for Section 1231 treatment when sold at a gain? 1. Sale of land held
Which of the following examples of business-use property is NOT eligible for Section 1231 treatment when sold at a gain?
1. Sale of land held for three years.
2. Net gain from a casualty gain on a dump truck held for two years.
3. Sale of a leasehold held for more than a year.
4. Sale of dairy cattle held for 14 months.
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