Which of the following is a Section 1231 asset? A.Machinery used in an active trade or business
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Question:
Which of the following is a Section 1231 asset?
- A.Machinery used in an active trade or business that has been owned and depreciated over the past three years.
- B.Stocks held for investment.
- C.Machinery used in an active trade or business owned for one year.
- D.Inventory used in an active trade or business held for 18 months.
- E.All of the above are Section 1231 assets.
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