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    Federal Taxation
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    Exam 15: Property Transactions: Nontaxable Exchanges
  5. Question
    Lola Owns Land as an Investor
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Lola Owns Land as an Investor

Question 8

Question 8

True/False

Lola owns land as an investor.She exchanges the land for a warehouse that she leases to a tenant who uses it to store his business inventory.The exchange qualifies for like-kind exchange treatment.

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