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    Principles of Taxation
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    Exam 9: Nontaxable Exchanges
  5. Question
    When Unrelated Parties Agree to an Exchange of Noncash Properties
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When Unrelated Parties Agree to an Exchange of Noncash Properties

Question 79

Question 79

True/False

When unrelated parties agree to an exchange of noncash properties, the economic presumption is that the properties have the same adjusted book basis.

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