All of the following conditions would encourage a taxpayer to avoid like-kind exchange treatment on the disposition of an otherwise qualifying asset except
A)expected lower tax rates in the future.
B)the availability of net operating loss carryovers.
C)the disposition of a capital gain asset when the taxpayer has a capital loss carryover.
D)a realized loss on the asset disposed of.

Question

Quizplus · Accepted Answer

The Answer of All of the following conditions would encourage a taxpayer to avoid like-kind exchange treatment on the disposition of an otherwise qualifying asset except
A)expected lower tax rates in the future.
B)the availability of net operating loss carryovers.
C)the disposition of a capital gain asset when the taxpayer has a capital loss carryover.
D)a realized loss on the asset disposed of.

All of the Following Conditions Would Encourage a Taxpayer to Avoid