Examlex
If boot is received in a § 1031 like-kind exchange that results in some of the realized gain being recognized, the holding period for both the like-kind property and the boot received begins on the date of the exchange.
Forbidden City
A vast palace complex in Beijing, China, that served as the home of emperors for over 500 years, symbolizing the celestial and earthly power of the emperor.
Modern City
An urban area that features advanced infrastructure, high population density, and significant technological advancements, reflecting contemporary societal and architectural trends.
Beijing
The capital city of China, known for its rich historical sites including the Forbidden City and the Great Wall, as well as being a major hub for political, cultural, and educational activities.
Geumgangsan
A mountain located in North Korea, considered sacred and famous for its beautiful scenery, historic Buddhist temples, and art.
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