Question: Contrast how a taxpayer's tax basis in property received in a property transaction will be affected if the transaction results in gain exclusion versus gain

Contrast how a taxpayer's tax basis in property received in a property transaction will be affected if the transaction results in gain exclusion versus gain deferral.

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Contrast how a taxpayer's tax basis in property received in a property transaction will be affected if the transaction results in gain exclusion versus gain deferral.

Contrast how a taxpayer's tax basis in property received in a property transaction will be affected if the transaction results in gain exclusion versus gain deferral.(explain it in 75 or more words)

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