If the Threat of Condemnation Exists and the Taxpayer Has

question 70

True/False

If the threat of condemnation exists and the taxpayer has reasonable grounds to believe that the property will be condemned,the taxpayer may elect to defer gain even if the taxpayer sells the property to a party other than the governmental unit that is threatening to condemn the property.

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Definitions:

Guilt by Association

The concept of assigning blame to an individual based on their associations or relationships rather than direct evidence of wrongdoing.

Begging the Question

A logical fallacy where the argument assumes the truth of the conclusion rather than providing evidence for it.

Argumentum Ad Populum

is a fallacy that concludes a proposition is true because many or most people believe it.

Bandwagon Fallacy

A logical fallacy where one assumes something is true or right because it is popular or because others are doing it.