The §1231 look-back rule applies whether there is a net gain or loss.
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Q25: The sale of land held for investment
Q26: Which of the following is not true
Q27: For a like-kind exchange, realized gain is
Q28: A loss realized for property destroyed in
Q29: An installment sale is any sale where
Q31: Boot is not like-kind property involved in
Q32: In a deferred like-kind exchange, the like-kind
Q33: Residential real property is not like-kind with
Q34: Realized gains are recognized unless there is
Q35: For an installment sale, the gross profit
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