Multiple Choice
In 2014,Niveen purchased land for $88,000 for use in her landscape business.She sold it in 2017 for $97,500.If Niveen has no other sales of business or trade property,how will this gain be taxed?
A) $9,500 short-term capital gain.
B) $9,500 long-term capital gain.
C) $9,500 ordinary income.
D) $9,500 Section 1231 gain.
Correct Answer:

Verified
Correct Answer:
Verified
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