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.
Aaron Gold. Aaron Gold has been an automotive journalist for nearly two decades. He contributes to several automotive publications and is a member of the North American Car and Truck of the Year jury. A native New Yorker, Aaron started his career in automotive journalism as an intern for What Car? magazine in Great Britain.