Which of the following is a Section 1221 asset?
A)Rental property.
B)An original painting created by the taxpayer after May 17,2006.
C)Business inventory.
D)Gold,silver,or other metals.

Question

Quizplus · Accepted Answer

Section 1221 assets are capital assets, which include investment properties like gold, silver, or other metals, but exclude inventory, property used in a trade or business, and self-created works of art.

Which of the Following Is a Section 1221 Asset