Section 1231 Property | Definition, Classification, Tax Treatment
https://www.financestrategists.com/wealth-management/real-estate-investing/section-1231-property/
WEBFeb 15, 2024 · Section 1231 property, as defined by the United States Internal Revenue Code, is a type of depreciable business property or real property used in trade or business held for over one year. Such assets include buildings, machinery, land, timber, and other natural resources.
DA: 57 PA: 92 MOZ Rank: 100