When Gain Is Recognized on an Involuntary Conversion,gain Is Subject

question 12

True/False

When gain is recognized on an involuntary conversion,gain is subject to recapture under Sec.1245 or Sec.1250.

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Definitions:

Life

The condition that distinguishes organisms from inorganic objects and dead organisms, being manifested by growth through metabolism, reproduction, and the power of adaptation to the environment through changes originating internally.

Collective Unconscious

A concept in Jungian psychology referring to the part of the unconscious mind which is derived from ancestral memory and experience and is shared among a species.

Personal Unconscious

Jung's term for the layer of the unconscious that is made up of forgotten or suppressed experiences unique to an individual.

Total Personality

The complete range of characteristics, traits, and behaviors that make up an individual's distinctive personality.