Discuss the formula for determining basis in an asset if it was received in a tax...

 

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Discuss the formula for determining basis in an asset if it was received in a tax deferred transaction (i.e., property received in a like-kind exchange, stock received in a Section 351 transaction, etc.): Describe the interaction of Section 165 with the general recognition rule of Section 1001 (describe at least two effects of Section 165 (i.e., it applies to a variety of contexts): Discuss the formula for determining basis in an asset if it was received in a tax deferred transaction (i.e., property received in a like-kind exchange, stock received in a Section 351 transaction, etc.): Describe the interaction of Section 165 with the general recognition rule of Section 1001 (describe at least two effects of Section 165 (i.e., it applies to a variety of contexts):