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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 13: Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxable Exchanges
  5. Question
    What Effect Does the Assumption of Liabilities Have on a §
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What Effect Does the Assumption of Liabilities Have on a §

Question 41

Question 41

Essay

What effect does the assumption of liabilities have on a § 1031 like-kind exchange?

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For the taxpayer who is transferring the...

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