Vijay owns land (adjusted basis of $123,000) that he uses in his business. He exchanges...
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Vijay owns land adjusted basis of $ that he uses in his business. He exchanges the land and $ in cash for a different parcel of land worth $ a Vijay has a realized loss of $ b Can Vijay avoid likekind exchange treatment and recognize his realized loss? because the likekind exchange provision Therefore, Vijay the loss. 
Vijay owns land adjusted basis of $ that he uses in his business. He exchanges the land and $ in cash for a different parcel of land worth $
a Vijay has a realized loss of $
b Can Vijay avoid likekind exchange treatment and recognize his realized loss?
because the likekind exchange provision
Therefore, Vijay the loss.
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