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What is the character of gain? (Capital or Ordinary or 1231)? Class I: Cash...

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Accounting

What is the character of gain? (Capital or Ordinary or 1231)?

Class I: Cash and cash equivalents

Class II: Actively traded personal property, CDs and foreign currency

Class III: Mortgages, accounts receivables and credit card receivables

Class IV: Inventory

Class V: Equipment, land and property

Class VI: Intangibles described under Internal Revenue Code 197, less Goodwill or going concern

Class VII: Goodwill and going concern

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