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An Exchange of Two Items of Personal Property (Personalty) That

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An exchange of two items of personal property (personalty) that belong to different general business asset classes qualifies for nonrecognition under § 1031 as long as both properties are used in the taxpayer's trade or business.

Explain the significance of key wartime conferences, treaties, and declarations.
Understand the causes and effects of significant wartime events on the civilian population in various countries.
Understand the impact of World War II on the global geopolitics, with a focus on the Eastern Front.
Analyze the changes in U.S. immigration policies during and after World War II.

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