Under § 1033,a realized gain on an involuntary conversion can be postponed but a realized loss cannot.

Name: Under § 1033,a realized gain on an involuntary conversion can be postponed but a realized loss cannot.
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According to § 1033 of the Internal Revenue Code, a realized gain on an involuntary conversion can be postponed if the taxpayer acquires qualified replacement property within the designated period, but a realized loss cannot be postponed as it is immediately deductible.

Under § 1033,a Realized Gain on an Involuntary Conversion Can