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Business, 14.12.2019 04:31, arwasoliman363
Terry sells two pieces of equipment used in his business. both are section 1231 assets. one results in a $5,000 gain and the other in a $12,000 loss. assuming there is no section 1245 recapture, how are these transactions treated in terry's tax return?
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Terry sells two pieces of equipment used in his business. both are section 1231 assets. one results...
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