Identify the type(s) of gain or loss that would be recognized on the following asset sales as capital, Section 1231, ordinary, Section 1245 or Section 1250.
-Gain on the sale of a building used for 15 years by a corporation.
A)capital
B)Section 1232
C)ordinary
D)Section 1246
E)Section 1251

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The Answer of Identify the type(s) of gain or loss that would be recognized on the following asset sales as capital, Section 1231, ordinary, Section 1245 or Section 1250.
-Gain on the sale of a building used for 15 years by a corporation.
A)capital
B)Section 1232
C)ordinary
D)Section 1246
E)Section 1251

Identify the Type(s) of Gain or Loss That Would Be