Can anyone give me a simple, straightforward way to differentiate between 1231 and 1245 property? I don't mean the treatment of gains/losses, I'm just talking about being able to identify which category something would fall into. I know there are other types (1250, etc.), but the definitions of 1231 and 1245 seem to overlap somewhat.
Related Posts
Mid-Career Crisis?
- SmallFry
- October 13, 2016
Hello Esteemed GC contributors and commentators: I feel like I'm at a crossroad at the […]
EY Audit Rotation Programs
- buthurt
- May 12, 2015
Just finished my Senior 1 year at EY audit, and I am thinking about doing […]
Did Hulk Hogan’s forensic accountant calculate his damages correctly?
- bloviator
- April 4, 2016
Going Concern readers are probably familiar with the Hulk Hogan sex tape scandal and the […]
