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 is a published author concerning Coloradoâs experiment with new rules for civil disputes in place since 2012 in the metro area. These rules are being reviewed, revised, and are slated for permanent adoption to reduce the cost of litigation and increase access to justice.