The tax consequences of transactions based on relationships

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Can someone help me answer the following TAX practice exam question:

Throughout this course, I have noted that transactions between related parties are "game changers." Why? Discuss two provisions that would alter the tax consequences of transactions based on relationships. Provide a brief description of the general rules and how each provision works to change the application of the general rules.Identify and discuss the authorities within the body of the response itself.

Reference no: EM131781632

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