If a Loss from Sale or Exchange of Property Between

question 61

Multiple Choice

If a loss from sale or exchange of property between related parties is disallowed and the property is subsequently sold to an unrelated party,

• A)An amended return may be filed to claim the loss previously disallowed.
• B)The unrelated party may claim the loss previously disallowed.
• C)The disallowed loss may be used to offset gain on the subsequent sale.
• D)The disallowed loss may be used if there is a further loss on the subsequent sale.
• E)The disallowed loss is lost forever.

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Definitions:

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A region at the front of the hypothalamus involved in regulating temperature, reproductive behaviors, and sleep.