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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 28: Property Transactions: Nontaxable Exchanges
  5. Question
    If the Taxpayer Elects to Defer the Gain on an Involuntary
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If the Taxpayer Elects to Defer the Gain on an Involuntary

Question 26

Question 26

True/False

If the taxpayer elects to defer the gain on an involuntary conversion,the holding period of the replacement property begins on the date of purchase.

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