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Which of the following is generally true with respect to most non-taxable (not tax-free) transactions where there is a realized gain that is not recognized?
Which of the following is generally true with respect to most non-taxable (not tax-free) transactions where there is a realized gain that is not recognized?
a. | Tacking of holding period | |
b. | Carryover basis | |
c. | A reduction in an asset's basis for the gain postponed | |
d. | carryover of potential tax attributes such as depreciation recapture | |
e. | a & b only | |
f. | a, b, & c only | |
g. | All of the above-a thru d |
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