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UNDERGRADUATE TRANSFER CREDIT APPROVAL FORM UGA Exchange and NonUGA Global Education Programs If you are attending a NonUGA Program or UGA Exchange Program, the Transfer Credit Approval Form (TCA)
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UGA exchange refers to a tax-deferred exchange of like-kind properties, involving the same taxpayer. Non-UGA exchange refers to a regular sale of property that does not qualify for tax-deferral under section 1031 of the Internal Revenue Code.
Taxpayers who have participated in a UGA exchange or non-UGA exchange during the tax year are required to report it on their tax return.
Taxpayers must report the details of the exchange, such as the property exchanged, dates of the exchange, and any gain or loss realized.
The purpose of UGA exchange is to allow taxpayers to defer capital gains taxes on the exchange of like-kind properties. Non-UGA exchange is a regular sale of property that does not qualify for tax deferral.
Taxpayers must report the details of the exchange, including the properties exchanged, dates of the exchange, and any gain or loss realized.
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