How do the tax laws ensure that taxpayers recognize all the


1. Compare and contrast the similarities and differences between like-kind exchanges and involuntary conversions for tax purposes.

2. What is an installment sale? How do the tax laws ensure that taxpayers recognize all the gain they realize on an installment sale? How is depreciation recapture treated in an installment sale? Explain the gross profit ratio and how it relates to gains recognized under installment method sales.

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Taxation: How do the tax laws ensure that taxpayers recognize all the
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