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
Industry Preferences
- iwillbeanauditor
- April 9, 2015
Hi, I was asked to rank industry team preferences but can't decide which one is […]
Share this:
Thinking of going to a client
- big4novice
- April 17, 2015
I'm in advisory and currently staffed on this client (not an audit client). I've been […]
Share this:
PwC Advisory – delayed undergraduate FT start dates
- LIFO liquidations
- May 23, 2016
Hearing some noise that FT undergraduates have had their start dates pushed from August. Some […]