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  3. Study Set
    Principles of Taxation
  4. Exam
    Exam 9: Nontaxable Exchanges
  5. Question
    Qualifying Property Received in a Nontaxable Exchange Has a Cost
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Qualifying Property Received in a Nontaxable Exchange Has a Cost

Question 78

Question 78

True/False

Qualifying property received in a nontaxable exchange has a cost basis for tax purposes.

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