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 Gwinâ @AaronGwin1 Apr 11. Check out the most in depth story I've ever told about my life and what led me to the career that I have today.https://www.pinkbike.com/news/aaron-gwin--the-interview.html?utm_source=twitter&utm_medium=mobile&utm_campaign=news â¦. 0 replies 8 retweets 41 likes. Aaron Gwin Retweeted.