The saleat a loss of machinery that was used in a trade or business and held for more than one year results in which of the following types of loss?

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According to the Internal Revenue Code, a sale of machinery used in a trade or business and held for more than one year is classified as a §1231 loss. This type of loss allows for certain tax benefits, such as the ability to offset other capital gains and losses.

The Saleat a Loss of Machinery That Was Used in a Trade