The tax treatment of the parties involved in a tax-free reorganization almost exactly parallels the treatment under the like-kind exchange provisions. When is received, gain may be
____________________, and losses are _.

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The Answer of The tax treatment of the parties involved in a tax-free reorganization almost exactly parallels the treatment under the like-kind exchange provisions. When is received, gain may be
____________________, and losses are _.

The Tax Treatment of the Parties Involved in a Tax-Free