Exchange of One Partnership Interest for Another Partnership Interest Qualifies

question 41

True/False

Exchange of one partnership interest for another partnership interest qualifies as a like-kind exchange.

---

Definitions:

Kitchen Debate

A series of informal conversations about capitalism and communism between U.S. Vice President Richard Nixon and Soviet Premier Nikita Khrushchev in 1959.

Significance

The quality of being worthy of attention; importance.

Soviet Intervention

Refers to the involvement by the Soviet Union in the internal politics of other countries, often to promote communist governance or prevent the spread of capitalism.

Hungarian Uprising

A nationwide revolt against the government of the Hungarian People's Republic and its Soviet-imposed policies, occurring in 1956.