Question:
If the exchange does NOT have commercial substance, what amount of G/L are recognized?
Author: LandiniLizardAnswer:
ALL LOSSES RECOGNIZED IMMEDIATELY. No Boot= No Gain, FV<25% Paid= No Gain, FV<25% Rec= Proportional Gain, FV>25%= ALL Gain
0 / 5 Â (0 ratings)
1 answer(s) in total
Author
LandiniLizard