The sale of machinery at a loss that was used in a trade or business and held for more than one year results in the following type of loss?

Name: The sale of machinery at a loss that was used in a trade or business and held for more than one year results in the following type of loss?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Assets used in a trade or business and held for more than one year are §1231 assets. Losses recognized do not require depreciation recapture.

The Sale of Machinery at a Loss That Was Used