Which of the Following Is Not True Regarding §1239

question 53

Multiple Choice

Which of the following is not true regarding §1239?

• A) It only applies to gains on sales of depreciable property.
• B) It does not apply to losses.
• C) It only applies to gains on sales of non-residential real property.
• D) It only applies to related taxpayers.
• E) None of the choices are correct.

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