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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 10: Property Transactions: Determination of Basis and Gains and Losses
  5. Question
    Property Converted to Business Use Is Sold
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Property Converted to Business Use Is Sold

Question 63

Question 63

True/False

Property converted to business use is sold. fte adjusted basis of the property at the time of conversion is used to determine the gain.

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