If an Election to Postpone Gain Under § 1033 Is

question 76

True/False

If an election to postpone gain under § 1033 is made, the holding period of replacement property includes the holding period of the involuntarily converted property.

---

Definitions:

Artery

A blood vessel that carries oxygenated blood away from the heart to various parts of the body.

Chronic Traumatic Encephalopathy

A brain condition associated with repeated head impacts, not necessarily concussions, leading to neurodegenerative disease which can result in behavior, mood, and cognitive problems.

Concussions

Brain injuries caused by a blow to the head or a sudden jolt that can disrupt normal brain function.

Autopsy

A postmortem examination to discover the cause of death or the extent of disease.