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    Business
  3. Study Set
    Fundamentals of Taxation
  4. Exam
    Exam 7: Capital Gains and Other Sales of Property Schedule D and Form 4797
  5. Question
    Section 1221 Assets Are Any Asset Used in a Trade
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Section 1221 Assets Are Any Asset Used in a Trade

Question 3

Question 3

True/False

Section 1221 assets are any asset used in a trade or business.

Correct Answer:

verifed

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