This topic contains a solution. Click here to go to the answer

Author Question: For livestock to be considered Section 1231 property, (Read 85 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513

Question 1

For a business, Sec. 1231 property does not include
◦ timber, coal, or domestic iron ore.
◦ inventory purchased 24 months ago.
◦ an office building purchased five years ago.
◦ land used in the business that was purchased two years ago.

Question 2

For livestock to be considered Section 1231 property,
◦ the livestock must be held for draft, breeding or dairy purposes, but not for sport.
◦ cattle and horses must be held for at least 12 months from the date of acquisition.
◦ cattle and horses must be held for at least 24 months from the date of acquisition.
◦ livestock other than cattle and horses must be held for at least 24 months from the date of acquisition.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by rmenurse on Sep 13, 2020

krakiolit

  • Sr. Member
  • ****
  • Posts: 318
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.
Answer Preview
Only 49% of students answer this correctly




rmenurse

  • Member
  • Posts: 513
Reply 2 on: Sep 13, 2020
Gracias!


kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Excellent

 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

For a complete list of videos, visit our video library