Gain Realized on a Property Exchange That Is Not Recognized

question 12

True/False

Gain realized on a property exchange that is not recognized is actually deferred rather than nontaxable.

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Definitions:

Economic Recession

A period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.

Social Cognitive Theory

A theoretical framework that suggests learning occurs in a social context with a dynamic and reciprocal interaction of person, environment, and behavior.

Degree

An academic award conferred by a college, university, or other educational institution upon completion of a course of study.

Intermittent Reinforcement Schedule

A conditioning schedule where rewards or punishments (reinforcements) are given to a subject at irregular intervals.