Section 1231 property generally does not include paintings of artistic value held by the creator.

Name: Section 1231 property generally does not include paintings of artistic value held by the creator.
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Section 1231 property typically includes depreciable property used in a trade or business and held for more than one year, but it does not include inventory or property held primarily for sale to customers, such as paintings held by the creator.

Section 1231 Property Generally Does Not Include Paintings of Artistic