Which One of the Following Is NOT True Regarding a Like-Kind

question 90

Multiple Choice

Which one of the following is NOT true regarding a like-kind exchange?

• A) Loss on like-kind property is not recognized.
• B) Gains on boot given are deferred.
• C) Losses on boot given are not recognized.
• D) Securities can be like-kind with any other securities.
• E) All of the choices are true.

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