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Augustus1 Augustus1
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Posts: 1894
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7 years ago
Each of the following is true of deferral of gain attributable to the involuntary conversion of personal property with the exception of:
A) Gain deferral is elective, except for direct conversions.
B) The replacement property may be acquired by gift, inheritance, or purchase.
C) Qualifying replacement property must be acquired within a specified time period.
D) Replacement property must be similar or related in service or use to the converted property.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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MsLippyMsLippy
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7 years ago
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Augustus1 Author
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7 years ago
I'm forever indebted to you!

THANKS
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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