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Author Question: A building used in a trade or business is a capital asset. (Read 83 times)

burton19126

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on: Sep 13, 2020

Question 1

Which one of the following is a capital asset?
◦ automobile held by car dealer for sale
◦ automobile used for personal purposes
◦ automobile used in taxpayer's trade or business
◦ automobile used for personal purposes and automobile used in taxpayer's trade or business only

Question 2

A building used in a trade or business is a capital asset.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by burton19126 on Sep 13, 2020

xoxo123

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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burton19126

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

bigcheese9

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Reply 3 on: Yesterday
:D TYSM

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