What Is the Primary Purpose of a Third-Party Intermediary in a Deferred

question 43

Multiple Choice

What is the primary purpose of a third-party intermediary in a deferred like-kind exchange?

• A) To facilitate finding replacement property.
• B) To help acquire the replacement property.
• C) To prevent the seller from receiving cash (boot) that will taint the transaction.
• D) To certify the taxpayer's Form 8824.
• E) All of these.

---

Definitions:

Supply Curve

An illustrated chart that displays the link between the cost of a commodity and the volume of the commodity that producers are ready to sell.

Hula Hoops

A popular toy made of a plastic tube formed into a hoop, twirled around the waist, limbs, or neck.

Firms

Business entities that produce goods or services with the aim of making a profit.

Complements

Goods or services that are used together, where the consumption or use of one increases the value or demand for the other.