Which of the following property is not Section 1231 property? a. Unharvested crop on land held for
Question:
Which of the following property is not Section 1231 property?
a. Unharvested crop on land held for more than one year and used for farming
b. Dairy cattle held more than two years
c. Musical instruments in a music store
d. Music store building
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Section 1231 property refers to certain types of property used in a trade o...View the full answer
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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