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    Exam 15: Property Transactions: Nontaxable Exchanges
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    Beth Sells Investment Land (Adjusted Basis of $225,000)that She Has
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Beth Sells Investment Land (Adjusted Basis of $225,000)that She Has

Question 9

Question 9

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Beth sells investment land (adjusted basis of $225,000)that she has owned for 6 years to her husband,Richard,for its fair market value of $195,000.
Beth sells investment land (adjusted basis of $225,000)that she has owned for 6 years to her husband,Richard,for its fair market value of $195,000.

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