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Why were taxpayers reluctant to sell appreciated business property between 1938 and 1942? What effect did this reluctance have on the tax law? In addition,

Why were taxpayers reluctant to sell appreciated business property between 1938 and 1942? What effect did this reluctance have on the tax law? In addition, summarize the current tax law regarding the disposition of appreciated property and discuss whether or not the current tax laws encourage taxpayers to sell their appreciated business property.

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