Identy the type(s) of gain or loss that would be recognized on the following asset sales as capital, Section 1231, Ordinary, Section 1245 recapture, Section 291 recapture, or Section 125 unrecaptred gain. a. gain on the sale of stock by an individual ________________ b. gain on the sale of a building used for 15 years by a corporation_____________ c. gain on the sale of a machine used by a business for four years sold at a price less that its original cost____________________ d. gain on the sales of inventory______________________ e. loss on the sale of equipmment used in a business for three years_________ f. gain on the sale of a machine used by a business for 11 months__________ g. Loss on th factoring of receivables______________ h. gain on sales of a building used by a sole proprietorship for eight years in excess of its original cost._______________________
Identy the type(s) of gain or loss that would be recognized on the following asset sales as capital, Section 1231, Ordinary, Section 1245 recapture, Section 291 recapture, or Section 125 unrecaptred gain.
a. gain on the sale of stock by an individual ________________
b. gain on the sale of a building used for 15 years by a corporation_____________
c. gain on the sale of a machine used by a business for four years sold at a price less that its original cost____________________
d. gain on the sales of inventory______________________
e. loss on the sale of equipmment used in a business for three years_________
f. gain on the sale of a machine used by a business for 11 months__________
g. Loss on th factoring of receivables______________
h. gain on sales of a building used by a sole proprietorship for eight years in excess of its original cost._______________________
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