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    mzcpa2001's Posts

    sale of "unpatented mining claims"

    by in Lacerte Tax Discussions
    ‎02-07-2022 10:16 AM
    ‎02-07-2022 10:16 AM
    Client sold "unpatented mining claims" to an unrelated third party.  Is the gain capital or ordinary?  Does IRC section 617 apply? Thank you, Martin Zeldin, CPA Tucson, AZ
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