Which of the Following Does Not Ultimately Result in a Capital

question 68

Multiple Choice

Which of the following does not ultimately result in a capital gain or loss?

• A)Sale of a personal use asset.
• B)Sale of inventory.
• C)Gain on equipment used in a trade or business and held for more than one year, if it is the only asset sale during the year.
• D)Sale of capital stock in another company.
• E)None of the choices are correct.

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