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In a Deferred Like-Kind Exchange, the Like-Kind Property to Be

question 49

True/False

In a deferred like-kind exchange, the like-kind property to be received must be identified within 45 days and acquired within 180 days from the initial exchange.


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Units of time in calendars that roughly correspond to the period of the lunar cycle, usually defined as a period spanning from 28 to 31 days.

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