Question

All of the following conditions would encourage a taxpayer to avoid like-kind exchange treatment on the...

All of the following conditions would encourage a taxpayer to avoid like-kind exchange treatment on the disposition of an otherwise qulifying asset except:

A) the availabilty of net operating loss carryovers

B) a realized loss on the asset disposed of.

C) the disposition od a capital gain asset when the taxpayer has a capital loss carryover.

D) expected lower tax rates in the future

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