The gain or loss on the disposition of a machine used in a trade or business for one year or less is a short-term capital gain or loss.

Name: The gain or loss on the disposition of a machine used in a trade or business for one year or less is a short-term capital gain or loss.
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The gain or loss on the disposition of a machine used in a trade or business is typically considered an ordinary gain or loss, not a capital gain or loss, regardless of the holding period.

The Gain or Loss on the Disposition of a Machine