What is the justification for Sec. 1033, which allows a taxpayer to elect to defer a gain

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What is the justification for Sec. 1033, which allows a taxpayer to elect to defer a gain resulting from an involuntary conversion? May a taxpayer elect under Sec. 1033 to defer recognition of a loss resulting from an involuntary conversion?

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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Dec 11, 2015 02:28 AM

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What is the justification for Sec. 1033, which allows a taxpayer to elect to defer a gain

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An involuntary conversion is beyond the control of ...View the full answer

Federal Taxation 2016 Comprehensive

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