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Explain how the gain from an involuntary con- version of business property held more than one year is taxed if the involuntary conversion is the

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Explain how the gain from an involuntary con- version of business property held more than one year is taxed if the involuntary conversion is the result of a condemnation. Explain the tax treat- ment if the involuntary conversion is due to a casualty. 1:13-14

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