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    Business
  3. Study Set
    Taxation of Individuals
  4. Exam
    Exam 19: Corporate Formation, Reorganization, and Liquidation
  5. Question
    In a Tax-Deferred Transaction, the Calculation of a Taxpayer's Tax
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In a Tax-Deferred Transaction, the Calculation of a Taxpayer's Tax

Question 80

Question 80

True/False

In a tax-deferred transaction, the calculation of a taxpayer's tax basis in property received always begins with its cost to the taxpayer.

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