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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
    The Basis of Boot Received in a Like-Kind Exchange Is
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The Basis of Boot Received in a Like-Kind Exchange Is

Question 39

Question 39

True/False

The basis of boot received in a like-kind exchange is its fair market value.

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