The sale of land held for investment results in the following type of gain or loss?
A)Capital.
B)Ordinary.
C)§1231.
D)§1245.
E)None of thesE.Assets held for investment generate capital gains or losses.

Question

Quizplus · Accepted Answer

The sale of land held for investment generates a capital gain or loss. This is because land held for investment is classified as a capital asset, and any gain or loss from the sale of a capital asset is considered a capital gain or loss.

The Sale of Land Held for Investment Results in the Following