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Forfeiting of certain U.S. citizenship/long term residency situations may result in a Mark-to-Market exit tax based upon the hypothetical gains generated as if the taxpayer

Forfeiting of certain U.S. citizenship/long term residency situations may result in a "Mark-to-Market" exit tax based upon the hypothetical gains generated as if the taxpayer sold all his assets for fair market value on the day before the expatriation occurs. True or false

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