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Which one of the following statements about Section 1231 assets is true? a. Section 1231 assets include company stock. b. Section 1231 asset losses are
Which one of the following statements about Section 1231 assets is true? a. Section 1231 assets include company stock. b. Section 1231 asset losses are netted against 1231 asset gains to determine tax treatment. c. Business property held for 1 year or less is considered a Section 1231 asset. d. Section 1231 assets are treated like capital assets when they produce losses on sale
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