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  3. Study Set
    Taxation of Individuals
  4. Exam
    Exam 19: Corporate Formation, Reorganization, and Liquidation
  5. Question
    Generally, Before Gain or Loss Is Realized for Tax Purposes
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Generally, Before Gain or Loss Is Realized for Tax Purposes

Question 43

Question 43

True/False

Generally, before gain or loss is realized for tax purposes, the taxpayer must engage in a transaction.

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