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 Veldheer joined the Merrill Lynch and the Veldheer, Long, Mackay & Bernecker Group in 2014 after eight years in Chicago where he practiced law as a corporate and finance attorney at Goldberg Kohn.