Sec+1231+Property+Used+in+the+trade+or+business+and+involuntary+conversion

Section 1231 Property Used in the Trade or Business and Involuntary Conversion

1231 Gain:
 * 1) Any Recognized Gain from the sale or exchange of property used in the trade of business **AND**
 * 2) Involuntary or Compulsory Conversion Gains:
 * Destruction
 * Theft
 * Seizure
 * Exercise of the Power of Requisition or Condemnation [or Threat of imminence thereof]

1231 Loss