Which of the following properties when classified as capital asset is subject to capital gain tax?
A. Domestic stocks sold directly to buyer
B. Real property
C. Both a and b
D. None of these
Answer: C. Both a and b
Which of the following properties when classified as capital asset is subject to capital gain tax?
A. Domestic stocks sold directly to buyer
B. Real property
C. Both a and b
D. None of these
Answer: C. Both a and b