In order to be considered Sec. 1231 property, all of the following livestock must be held for 12 months or more from date of acquisition except

In order to be considered Sec. 1231 property, all of the following livestock must be held for 12 months or more from date of acquisition except

In order to be considered Sec. 1231 property, all of the following livestock must be held for 12 months or more from date of acquisition except




A) goats.
B) hogs.
C) sheep.
D) cattle.



Answer: D