Which of the following does not ultimately result in a capital gain or loss?
A) Gain on equipment used in a trade or business held for more than one year, if it is the only asset sale during the year.
B) Sale of inventory.
C) Sale of a personal use asset.
D) Sale of capital stock in another company.
E) None of the choices are correct.

Question

Quizplus · Accepted Answer

The sale of inventory does not result in a capital gain or loss; it results in ordinary income or loss as it is part of the regular business operations.

Which of the Following Does Not Ultimately Result in a Capital