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 Bertrand. 1  Aaron is a Product Evangelist for SentryOne, makers of Plan Explorer and a performance monitoring and event management platform for the Microsoft Data Platform and VMware.