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Sub: Advanced Federal Taxation Why do you feel that the government allows gains or losses...

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Accounting

Sub: Advanced Federal Taxation

Why do you feel that the government allows gains or losses to be deferred in these situations?

Situtations: Bob and Betty have a partnership that owns 18 clothing stores located in various states in the US. They are thinking converting their business into a corporation and then using some money they have accumulated to acquire a small chain of men's clothing stores located in Virginia or they might issue common stock from their new corporation to buy the other business.

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