Which of the Following Is True of a Like-Kind Exchange

question 112

Multiple Choice

Which of the following is true of a like-kind exchange:

• A)There must be no cash exchanged to qualify.
• B)The properties exchanged cannot be personal property.
• C)Office furniture can be exchanged for computers.
• D)A new holding period for capital gains treatment starts on the day the exchange is completed.

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Definitions:

Renal Pyramids

Cone-shaped tissues of the kidneys that contain the kidney tubules and are involved in the transport of urine.

Glomerular Capsules

A structure in the kidney that encases the glomerulus and is involved in the filtration process of blood to form urine.

Calculus

A branch of mathematics that studies changes in functions and rates of change.

Kidney Stone

Hard, crystalline mineral material formed within the kidney or urinary tract, often causing pain when passed.