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    Federal Taxation
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    Exam 28: Property Transactions: Nontaxable Exchanges
  5. Question
    Where Non-Like-Kind Property Other Than Cash Is Received as Boot,the
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Where Non-Like-Kind Property Other Than Cash Is Received as Boot,the

Question 12

Question 12

True/False

Where non-like-kind property other than cash is received as boot,the amount of the boot is the property's fair market value.

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