The following properties have been owned by a business for more than one year. Which of them would not qualify for Section 1231 treatment on its disposal?

Select one:
a. Stock held in inventory
b. Property held for rental income
c. Depreciable assets used in the business
d. Leasehold improvements

Answer rating: 100% (QA)

Step 1 1231 property includes Livestock held for draft breeding dairy or sporting pur... View the full answer