Why does the tax code allow taxpayers to defer gains on like-kind exchanges? How do the tax

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Why does the tax code allow taxpayers to defer gains on like-kind exchanges?

How do the tax laws ensure that the gains (or losses) are deferred and not permanently excluded from a taxpayer’s income?

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McGraw-Hill's Taxation Of Individuals

ISBN: 9781259729027

2017 Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Oct 11, 2024 05:04 AM

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Why does the tax code allow taxpayers to defer gains on like-kind exchanges? How do the tax

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McGraw-Hill's Taxation Of Individuals

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