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Sheena Maskell Sheena Maskell
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Posts: 1902
7 years ago
If property is involuntarily converted into similar property, the basis and holding period of the converted property carry over to the basis and holding period of the replacement property.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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Yoko900Yoko900
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Posts: 1876
7 years ago
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Sheena M. Author
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7 years ago
I took a chance with your answer

It was right
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