The nonrecognition of gains and losses under § 1031 is mandatory for gains and elective for losses.
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Q1: Cole exchanges an asset (adjusted basis of
Q2: In a nontaxable exchange, recognition is postponed.In
Q3: An exchange of two items of personal
Q4: Terry exchanges real estate (acquired on August
Q5: If boot is received in a §
Q7: When boot in the form of cash
Q8: In a nontaxable exchange, the replacement property
Q9: Shari exchanges an office building in New
Q10: Pat owns a 1965 Ford Mustang that
Q11: To qualify as a like-kind exchange, real
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