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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 13: Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxable Exchanges-Part 1
  5. Question
    Eva Exchanges a Pick-Up Truck That She Has Held for Personal
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Eva Exchanges a Pick-Up Truck That She Has Held for Personal

Question 14

Question 14

True/False

Eva exchanges a pick-up truck that she has held for personal use plus $19,000 for a new pick-up truck which she will use exclusively in her sole proprietorship business.This exchange qualifies for nontaxable exchange treatment.

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