Section 1239 (Relating to the Sale of Certain Property Between

question 68

Multiple Choice

Section 1239 (relating to the sale of certain property between related taxpayers) does not apply unless the property:

• A)Was depreciated by the transferor.
• B)Is depreciable in the hands of the transferee.
• C)Is a capital asset.
• D)Is real property.
• E)None of these.

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