Sale of Biz Equipment

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  • geekgirldany
    Senior Member
    • Jul 2005
    • 2359

    #1

    Sale of Biz Equipment

    I am getting a little mixed up today. Is the sale of business equipment a Section 1245 or 1231?
  • Brian EA
    Senior Member
    • Dec 2005
    • 786

    #2
    Section 1245 is my Final Answer
    Everybody should pay his income tax with a smile. I tried it, but they wanted cash

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    • geekgirldany
      Senior Member
      • Jul 2005
      • 2359

      #3
      Thanks I thought it was.

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