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.
Rich is a Deputy Chief Assistant District Attorney in the Gwinnett District Attorney's Office. Rich graduated from the University of West Georgia in 1990 with a Bachelor of Arts degree in Communications and from Mercer University School of Law in 1997 with his Juris Doctorate.