Which of the following is a capital asset?

A literary work held by the author

B) Real estate held by a developer

C) A taxpayer's personal automobile

D) A truck used in a taxpayer's business

E) None of the above

Which of the following assets isnota Section 1231 asset? Select one: a. Equipment used in a business b. Timber c. Inventory d. The unharvested crops of a farmer e. All of the above are Section 1231 assets Which of the following istrueabout capital gains? Select one: a. Short-term capital gains arenotnetted with other capital gains and losses. b. For 2015, long-term capital gains are subject to special tax treatment. c. Long-term capital gains are never taxed. d. Net short-term capital gains arenotnetted with net long-term capital losses. e. None of the above.