Which of the following is a capital asset? A literary work held by the author B) Real estate held by a developer C)…

Which of the following is a capital asset? A literary work held by the author B) Real estate held by a developer C)…

Which of the following is a capital asset?
A literary work held by the author
B) Real estate held by a developer
C) A taxpayer’s personal automobile
D) A truck used in a taxpayer’s business
E) None of the above

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