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  2. Topic
    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 13: Part 1--Property Transactions: Determination of Gain or Loss,basis Considerations,and Nontaxable Exchanges
  5. Question
    Jena Owns Land as an Investor
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Jena Owns Land as an Investor

Question 13

Question 13

True/False

Jena owns land as an investor.She exchanges the land for a warehouse in which she will store the inventory of her business.The exchange does not qualify for like-kind exchange treatment.

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