QuestionJune 1, 2025

Section 1231 property is square or square property used in a trade or business and held for square than one year.

Section 1231 property is square or square property used in a trade or business and held for square than one year.
Section 1231 property is square  or square  property used in a trade or business and held for square  than one
year.

Solution
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Answer

Section 1231 property is **real or depreciable** property used in a trade or business and held for **more than one** year. Explanation Section 1231 property refers to real or depreciable property used in a trade or business and held for more than one year. It allows for favorable tax treatment on gains and losses from the sale of such properties.

Explanation

Section 1231 property refers to real or depreciable property used in a trade or business and held for more than one year. It allows for favorable tax treatment on gains and losses from the sale of such properties.
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