Multiple Choice
The sale of computer equipment used in a trade or business for nine months results in which of the following types of gain or loss?
A) Capital.
B) Ordinary.
C) §1231.
D) §1245.
E) None of the choices are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q23: Which one of the following is not
Q24: The §1231 look-back rule applies whether there
Q25: Arlington LLC exchanged land used in its
Q26: Luke sold land valued at $210,100. His
Q27: The saleat a loss of machinery that
Q29: §1239 recharacterizes 50 percent of the gain
Q30: How long after the initial exchange does
Q31: Kristi had a business building destroyed in
Q32: Generally, the amount realized is everything of
Q33: Why does §1250 recapture generally no longer