The long-term holding period under § 1231 for cattle and horses is 12 months; for other livestock, 24 months.
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Q1: Three rental houses held by a person
Q2: As a general rule, § 1250 (i.e.,
Q3: In order for there to be depreciation
Q4: During the current year, Q sold a
Q6: Nonresidential real property acquired during the years
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Q9: Section 1250 is referred to as the
Q10: As part of the § 1231 netting
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