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Reg > Capital Gains And Losses > Flashcards

Capital Gains And Losses Flashcards

0
Q

Machinery & equip is

A

Personal property

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1
Q

Land & building is

A

Real property

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2
Q

What is personal or real property of a TP not used in a business

A

Capital assets

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3
Q

What is property included in inventory or held for sale to customers

Depreciable personal property & real estate used in a business

A

Non capital/1231 assets

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Reg (11 decks)

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