Which of the following would be included in the netting of § 1231 gains and losses?

Question

Quizplus · Accepted Answer

Section 1231 gains and losses refer to gains and losses from the sale or exchange of property that is used in a trade or business or held for investment. Personal use property net casualty gain would not be included as it does not meet the criteria of being used in a trade or business or held for investment. However, both Section 1231 gains and losses would be included in the netting process.

Which of the Following Would Be Included in the Netting