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  2. Topic
    Business
  3. Study Set
    Individual Taxation
  4. Exam
    Exam 14: Property Transactions: Basis Determination and Recognition of Gain or Loss
  5. Question
    A Deferred Gain Resulting from a Nontaxable Exchange of Property
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A Deferred Gain Resulting from a Nontaxable Exchange of Property

Question 39

Question 39

True/False

A deferred gain resulting from a nontaxable exchange of property represents an increase in basis.

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