26 U. 1231 S. Code § 1231 - Property used in the trade or (ii) any recognized gain from the compulsory or involuntary conversion (as a result of destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation or the threat or imminence thereof) into other property or money of—. Section 1231 Property - Investopedia - Sharper Insight 1231 property, defined by section 1231 of the U.S. Internal Revenue Code, is real or depreciable business property held for over a year. Section 1231 property includes buildings, machinery, land.
Related Video of 1231