Question: involuntary conversion except: Select one: a . Decrease the basis by any loss recognized on the conversion b . Decrease the basis by any gain

involuntary conversion except:
Select one:
a. Decrease the basis by any loss recognized on the conversion
b. Decrease the basis by any gain recognized on the conversion
c. Increase the basis by any cost of acquiring the replacement property
d. Decrease the basis by any money received that the taxpayer did not spend on similar property
involuntary conversion except: Select one: a .

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