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Which is not a capital asset to an individual taxpayer

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Reference no: EM132803419

Problem 1: Taxpayers who are blind get the benefit of:

a. An additional exemption

b. An additional amount added to their standard deduction

c. An additional amount added to their itemized deductions

d. None of the above

Problem 2: Which of the following is not a capital asset to an individual taxpayer?

a. Stocks

b. A 48-foot sailboat

c. Raw land held as an investment

d. Inventory in the taxpayer's business

e. All of the above are capital assets

Reference no: EM132803419

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