Which One of the Following Is a Capital Asset

question 1169

Multiple Choice

Which one of the following is a capital asset?

• A) automobile used for personal purposes
• B) automobile used in taxpayer's trade or business
• C) automobile held by car dealer for sale
• D) B and C only

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Definitions:

Gender

A social construct that encompasses a range of behaviors, identities, and roles associated with being male, female, or non-binary.

Biological Basis

The underlying genetic, neurological, or physiological factors that influence an individual's behavior, traits, or conditions.

Sexual Orientation

The inherent or enduring emotional, romantic, or sexual attraction a person feels toward others, including heterosexuality, homosexuality, and bisexuality.

Sexual Identity

A person's identification with, or sense of belonging to, a particular gender or sexual orientation.