Which of the following would be included in the netting of § 1231 gains and losses?
A) Personal use property net casualty gain.
B) Section 1231 loss.
C) Section 1231 gain.
D) All of the above.
E) b. and c.

Question

Quizplus · Accepted Answer

Only section 1231 gains and losses are included in the netting process. Personal use property net casualty gain would not be included, as it is not a section 1231 gain or loss.

Which of the Following Would Be Included in the Netting