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    Federal Taxation
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    Exam 14: Property Transactions: Determination of Gain or Loss and Basic Considerations
  5. Question
    A Loss from the Sale of a Personal Use Asset
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A Loss from the Sale of a Personal Use Asset

Question 58

Question 58

True/False

A loss from the sale of a personal use asset that would be disallowed cannot be recognized even if the taxpayer converts the asset to business use prior to its sale.

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