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    Federal Taxation
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    Exam 28: Property Transactions: Nontaxable Exchanges
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    A Sole Proprietor Exchanges an Office Building Used in Her
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A Sole Proprietor Exchanges an Office Building Used in Her

Question 69

Question 69

True/False

A sole proprietor exchanges an office building used in her business for undeveloped land she plans to hold for investment purposes.The exchange will qualify as like-kind.

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