Section 1231 Gain That Is Treated as Long-Term Capital Gain

question 31

Multiple Choice

Section 1231 gain that is treated as long-term capital gain carries from the 2015 Form 4797 to the 2015 Form 1040,Schedule D,line ____.

• A)8
• B)9
• C)10
• D)11
• E)None of the above

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Definitions:

Enterogastric Reflex

A physiological process that slows the emptying of the stomach contents into the small intestine.

Duodenal Wall

The lining of the duodenum, which is the first part of the small intestine immediately beyond the stomach.

Secretin

A hormone secreted by the small intestine, which stimulates the secretion of pancreatic juice and bile.

Intrinsic Factor

A protein produced by cells in the stomach lining that is essential for the absorption of vitamin B12 in the small intestine.