The definition of "inventory" for purposes of Sec. 751 includes
A)cash.
B)land held for investment.
C)marketable securities not held by dealers.
D)depreciation recapture potential on Sec. 1231 assets.

Question

Quizplus · Accepted Answer

The definition of "inventory" for purposes of Sec. 751 does not include cash, land held for investment, or marketable securities not held by dealers. However, it does include potential depreciation recapture on Sec. 1231 assets.

The Definition of "Inventory" for Purposes of Sec