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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 13: Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxable Exchanges
  5. Question
    A Realized Gain on an Indirect (Conversion into Money) Involuntary
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A Realized Gain on an Indirect (Conversion into Money) Involuntary

Question 132

Question 132

True/False

A realized gain on an indirect (conversion into money) involuntary conversion of business property can be postponed, but a realized loss on an indirect involuntary conversion of business property cannot be postponed.

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