1. The sale of the property in Westfield's case was held not to be ordinary income
because
A....
1. The sale of the property in Westfield's case was held not to be ordinary income
because
A. There was not both a commercial transaction and an intention to profit from
the resale
B. The property sold had not been held for 12 months
C. They were not in the business of selling property
D. The sale was subject to capital gains tax
Answers: 2
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