If you exchange your business property or property you hold for investment solely for property of a like kind to be used in your business or to be held for investment, no gain or loss is recognized. This means that the gain is not taxable and the loss is not deductible.
Aaron Holmes Gwin is an American professional downhill mountain biker from Morongo Valley, California. He is a four-time World Cup overall champion.
Henry Louis Aaron, nicknamed Hammer or Hammerin' Hank, is a retired American Major League Baseball right fielder who is currently the senior vice president of the Atlanta Braves. He played 21 seasons for the Milwaukee/Atlanta Braves in the National League and two seasons for the Milwaukee Brewers in the American League, from 1954 through 1976. Aaron held the MLB record for career home runs for 33 years, and he still holds several MLB offensive records. He hit 24 or more home runs every year