_____ 16. An individual's net Section 1231 gain is given the tax-favored treatment of a long-term capital asset.

Name: _____ 16. An individual's net Section 1231 gain is given the tax-favored treatment of a long-term capital asset.
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This is true. Net Section 1231 gains (which result from the sale of certain types of business assets) are treated as long-term capital gains for tax purposes, which means they enjoy lower tax rates than ordinary income.

_____ 16 an Individual's Net Section 1231 Gain Is Given the the Tax-Favored