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    Concepts in Federal Taxation
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    Exam 12: Non-Recognition Transactions
  5. Question
    An Involuntary Conversion Occurs Whenever a Loss (But Not a Gain)
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An Involuntary Conversion Occurs Whenever a Loss (But Not a Gain)

Question 101

Question 101

True/False

An involuntary conversion occurs whenever a loss (but not a gain) is realized from a transaction that occurs against the taxpayer's will.

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