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.
About the authors. Mac Barnett is a New York Times bestselling author of books for children, including Extra Yarn, which won a 2013 Caldecott Honor, and Battle Bunny. Jory John is a writer, editor, and journalist. He is coauthor of the bestselling All My Friends Are Dead.