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true / false: 1 - Losses not deductible due to the stock basis loss limitation rule are carried over to future years. 2- The definition
true / false:
1 - Losses not deductible due to the stock basis loss limitation rule are carried over to future years.
2- The definition of property as it relates to an IRC 351 exchange includes money.
3- Gain and loss realized in an IRC 351 exchange will be recognized if the taxpayer receives boot in the exchange.
4 -Activities conducted by business entities are treated as either a trade or business or a hobby
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