Question: I said in class that Section 1 2 3 1 property is the best of both worlds. What did I mean by that? Why do

I said in class that Section

1231

property is the "best of both worlds." What did I mean by that? Why do taxpayers prefer

1231

property?Gains are considered capital; losses are considered ordinaryGains are considered ordinary; losses are considered capitalGains are considered capital; losses are considered capitalGains are considered ordinary; losses are considered ordinary

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