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Author Question: A sale of property and subsequent purchase of like-kind property may be treated as a like-kind ... (Read 49 times)

piesebel

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on: Sep 13, 2020

Question 1

Yael exchanges an office building worth $150,000 for investment land worth $175,000.  He also provided 
stock worth $25,000.  Yael's adjusted basis in the building and stock is $180,000 and $11,000, respectively. How much gain or loss will Yael recognize on the exchange?
◦ $0
◦ ($30,000)
◦ ($16,000)
◦ $14,000

Question 2

A sale of property and subsequent purchase of like-kind property may be treated as a like-kind exchange if the two transactions are interdependent.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by piesebel on Sep 13, 2020

Moriaki

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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piesebel

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

triiciiaa

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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