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    Concepts in Federal Taxation
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    Exam 12: Non-Recognition Transactions
  5. Question
    In General, Qualified Replacement Property for an Involuntary Conversion Must
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In General, Qualified Replacement Property for an Involuntary Conversion Must

Question 9

Question 9

True/False

In general, qualified replacement property for an involuntary conversion must be purchased within one year after the close of the tax year in which the involuntary conversion occurred.

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