How does the carryover basis, Accounting Basics

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How does the carryover basis

Biggest similarities between the two provision of section 351 and 1031 is that they are both really tax deferred transactions instead of tax-free transactions. The carryover basis is key in both. How does the carryover basis used in these transactions preserve any built-in gains that are realized but not recognized?

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Accounting Basics: How does the carryover basis

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