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Mandatory rules for recognition of gain or loss

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For property which is involuntarily converted that is replaced with similar property - what are the mandatory rules for recognition of gain or loss (an example would be great)?

Do you think this is fair? Why or why not (support your position)?

Reference no: EM13129281

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Mandatory rules for recognition of gain or loss : For property which is involuntarily converted that is replaced with similar property - what are the mandatory rules for recognition of gain or loss (an example would be great)?
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