If a taxpayer has a net Section 1231 loss for the year,all Section 1231 gains and losses are treated as being capital gains and losses.

Name: If a taxpayer has a net Section 1231 loss for the year,all Section 1231 gains and losses are treated as being capital gains and losses.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

If a taxpayer has a net Section 1231 loss for the year, the Section 1231 losses are treated as ordinary losses, while the Section 1231 gains are treated as capital gains. This is governed by the tax code section 1231.

If a Taxpayer Has a Net Section 1231 Loss for the Year,all