True/False
Any gain or loss resulting from the sale or disposition of depreciable property used in trade or business and held one year or less is considered ordinary.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q27: When appreciated property is transferred at death,the
Q28: With respect to residential rental property<br>A)80% or
Q29: Cobra Inc.sold stock for a $25,000 loss
Q30: Yelenis,whose tax rate is 32%,sells one
Q31: Gains and losses from involuntary conversions of
Q33: If realized gain from disposition of business
Q34: A net Sec.1231 gain is treated as
Q35: With regard to noncorporate taxpayers,all of the
Q36: An unincorporated business sold two warehouses
Q37: During the current year,Hugo sells equipment for