Realized gains are recognized unless there is specific exception.
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Q29: An installment sale is any sale where
Q30: The §1231 look-back rule applies whether there
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
Q35: For an installment sale, the gross profit
Q36: A taxpayer that receives boot in a
Q37: A simultaneous exchange must take place for
Q38: The §1231 look-back rule recharacterizes §1231 gains
Q39: A net §1231 gain becomes ordinary while
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