any capital asset which is held for more than 1 year and is held in connection with a trade or business or a transaction entered into for profit.
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Section 1231 refers to the tax on a gain from the sale of a depreciable business property that has been held for over a year.
Year 1231 (MCCXXXI) was a common year starting on Wednesday of the Julian calendar. Millennium: 2nd millennium.
The noncapital assets subject to section 1231 treatment are (1) depreciable business property and business real property held for more than 1 year (6 months for ...
Section 1231 refers to the tax treatment of certain types of property under IRC 26 Section 1231. Section 1231 gains and losses are the taxable gains and ...
1231 ( ¶1747) applies to the sale, exchange, or involuntary conversion of livestock (not including poultry) held for draft, breeding, dairy, or sporting ...
Section 1231 gains and losses are the taxable gains and losses from section 1231 transactions, (discussed below). Their treatment as ordinary or capital depends ...
In a 1040 return, the taxpayer has a Section 1231 loss that is used to offset ordinary income. On two of the attached worksheets (Wks CARRY and Wks 1231-C), ...
Real property and depreciable property used in the taxpayer's trade or business and held for more than one year, other than the exceptions discussed below.
The assets qualifying for Section 1231 treatment must be held for more than 1 year, consistent with the holding period requirement for long-term capital gains.