The sale of computer equipment used in a trade or business for 9 months results in the following type of gain or loss?
A) Capital.
B) Ordinary.
C) §1231.
D) §1245.
E) None of the choices are correct.

Name: The sale of computer equipment used in a trade or business for 9 months results in the following type of gain or loss? A) Capital. B) Ordinary. C) §1231. D) §1245. E) None of the choices are correct.
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Question

Quizplus · Accepted Answer

Assets used in a trade or business and held for one year or less are ordinary assets.

The Sale of Computer Equipment Used in a Trade or Business