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Which of the following is not true regarding 1 2 3 9 ? Multiple Choice It only applies to related taxpayers. It only applies to

Which of the following is not true regarding 1239?
Multiple Choice
It only applies to related taxpayers.
It only applies to gains on sales of depreciable property.
It only applies to gains on sales of nonresidential real property.
It does not apply to losses.
None of the choices are correct.

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