Anyone have shortcuts/mnemonics for nonmonetary/like-kind exchanges? (REG & FAR)

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  • #1615769
    Anonymous
    Inactive

    Out of all things, I cannot get these down for the life of me. The basis, gains, and losses on like-kind exchanges for REG and the gains, losses, and carrying amounts on nonmonetary exchanges for FAR…

    Anyone have an easy way to remember these for exam day?

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