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    #1

    Related party transaction

    A father-in-law sells a piece of farmland to his son-in-law at a loss. Is this a related party transaction?
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    #2
    I would say yes...

    I would say yes because the son-in-law is married to his daughter (related-party). No loss can be recognized until later sold to an unrelated party.

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      #3
      This would be a related party transaction.

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