All of the following assets are capital assets, except: a. A personal automobile. b. IBM stock. c.

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All of the following assets are capital assets, except: 

a. A personal automobile. 

b. IBM stock.

c. A child’s bicycle.

d. Personal furniture. 

e. Used car inventory held by a car dealer.

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Income Tax Fundamentals 2019

ISBN: 9781337703062

37th Edition

Authors: Gerald E. Whittenburg, Steven Gill

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