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Feedback Check My Work The loss disallowance rules are designed to achieve two objectives. First, the rules prevent a taxpayer from directly transferring an unrealized
Feedback Check My Work The loss disallowance rules are designed to achieve two objectives. First, the rules prevent a taxpayer from directly transferring an unrealized loss to a related taxpayer in a higher tax bracket who could receive a greater tax benefit from recognition of the loss. Second, the rules eliminate a substantial administrative burden on the Internal Revenue Service as to the appropriateness of the selling price fair market value or not
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The loss disallowance rules are designed to achieve two objectives. First, the rules prevent a taxpayer from directly transferring an unrealized loss
to a related taxpayer in a higher tax bracket who could receive a greater tax benefit from recognition of the loss. Second, the rules eliminate a
substantial administrative burden on the Internal Revenue Service as to the appropriateness of the selling price fair market value or not
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