The disposition of noncapital assets (other than inventory or property held primarily for sale to customers in the ordinary course of your trade or business). The involuntary conversion (from other than casualty or theft) of property used in your trade or business and capital assets held for more than 1 year in connection with a trade or business or a transaction entered into for profit (however, see Disposition of Depreciable Property Not Used in Trade or Business, later). Oil, gas, geothermal, or other mineral properties and Real property used in your trade or business ĭepreciable and amortizable tangible property used in your trade or business (however, see Disposition of Depreciable Property Not Used in Trade or Business, later) Livestock other than cattle and horses used in a trade or business for draft, breeding, dairy, or sporting purposes: Real or tangible trade or business property which was deducted under the de minimis safe harborĪll other farmland used in a trade or businessĭisposition of cost-sharing payment property described in section 126Ĭattle and horses used in a trade or business for draft, breeding, dairy, or sporting purposes: Depreciable tangible trade or business property:ĭepreciable real trade or business property:įarmland held less than 10 years upon which soil or water expenses were deducted: