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Accounting----Taxation The substitute basis rule allows the unrecognized gain or loss on a nontaxable exchange to transfer to the basis of another qualified, acquired property.

Accounting----Taxation

The substitute basis rule allows the unrecognized gain or loss on a nontaxable exchange to transfer to the basis of another qualified, acquired property. Do you see any potential issues and or negatives with allowing this? If not, why? Argue your position either way

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