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    Principles of Taxation
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    Exam 9: Nontaxable Exchanges
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    In a Like-Kind Exchange in Which Both Properties Are Subject
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In a Like-Kind Exchange in Which Both Properties Are Subject

Question 43

Question 43

True/False

In a like-kind exchange in which both properties are subject to a mortgage, both parties to the exchange are treated as receiving boot equal to the relief of their respective mortgage.

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