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In Order to Be Considered Sec

question 2

Multiple Choice

In order to be considered Sec.1231 property,all of the following livestock must be held for 12 months or more from date of acquisition except

Definitions:

Limbs

Appendages on the human body or on other animals, used for movement or manipulation.

Walk

The act of moving at a regular pace by lifting and setting down each foot in turn, never having both feet off the ground at once.

Rheumatoid Arthritis

A chronic inflammatory disorder affecting joints, including those in the hands and feet, characterized by joint pain, swelling, and stiffness.

Autoimmune Disorder

A condition in which the immune system mistakenly attacks the body's own tissues as though they were foreign invaders.