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    Federal Taxation
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    Exam 15: Property Transactions: Nontaxable Exchanges
  5. Question
    The Surrender of Depreciated Boot (Fair Market Value Is Less
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The Surrender of Depreciated Boot (Fair Market Value Is Less

Question 73

Question 73

True/False

The surrender of depreciated boot (fair market value is less than adjusted basis) in a like-kind exchange can result in the recognition of loss.

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