Which of the following is not true regarding §1239?
A) It only applies to related taxpayers.
B) It only applies to gains on sales of depreciable property.
C) It only applies to gains on sales of non-residential real property.
D) It does not apply to losses.
E) None of thesE.§1239 only applies to gains on sales of depreciable property between related taxpayers.
Correct Answer:
Verified
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