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    Federal Taxation
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    Exam 21: Property Transactions: Capital Gains and Losses
  5. Question
    Which of the Following Is Not a Capital Asset
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Which of the Following Is Not a Capital Asset

Question 17

Question 17

Multiple Choice

Which of the following is not a capital asset?


A) a patent developed by the taxpayer
B) a family's cottage at the beach
C) a husband's wedding ring
D) All of the above are capital assets.

Correct Answer:

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