Glossary · IRC §1231 · 26 U.S.C. §1231
Section 1231 property
Section 1231 property — depreciable or real property used in a trade or business whose net gains are treated as capital and net losses as ordinary
In the Guide
This section is treated in Chapter 8, Chapter 13, Chapter 18. The published chapter summary is the source of the definition above. The full reasoning, citations, and worked examples are in the book.
Cite as: Diaz, Paul D. THE TAX CUTTERY® Guide to Federal Income Taxation, Professional Edition, Chapter 8: The Planning Imperative. IRC §1231 (26 U.S.C. §1231). taxguide.tax/irc/1231
This is the glossary entry. The chapter itself is in the book. Read a free excerpt, BUY THE BOOK ($299), or get the free Letter.