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Explain the difference between ordinary, capital, and 1231 assets.

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This answer provides you an excellent discussion on ordinary, capital, and 1231 assets.

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Explain the difference between ordinary, capital, and 1231 assets.

These differences are being given from the perspective of the tax law.

1231 assets are those that are described in the 26 USCA section 1231 ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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