Section 1231 property generally does not include accounts receivables arising in the ordinary course of business.

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Section 1231 property refers to property used in a trade or business that is held for more than one year. While accounts receivable may be considered as a type of property for accounting purposes, they are generally not considered as Section 1231 property because they arise in the ordinary course of business.

Section 1231 Property Generally Does Not Include Accounts Receivables Arising