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    Exam 14: Property Transactions: Capital Gains and Losses, 1231, Recapture Provisions
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    Marvin Is in the Business of Song Writing
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Marvin Is in the Business of Song Writing

Question 98

Question 98

Multiple Choice

Marvin is in the business of song writing.He writes jingles for web ads. He writes a song and sells it for a lump sum. He has:


A) Sold a capital asset.
B) Sold an ordinary asset.
C) No gain or loss.
D) An ordinary gain.
E) b.and d.

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