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Brett Owns Investment Land Located in Tucson, Arizona

question 110

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Brett owns investment land located in Tucson, Arizona. He exchanges it for other investment land. In which of the following locations may the other investment land be located and enable Brett to qualify for § 1031 like-kind exchange treatment?


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A purchase decision where a customer is buying a product or service for the first time, requiring significant research and evaluation.

Modified New Buy

A purchasing situation wherein a company makes some changes or modifications to a product they are buying again.

Industrial Users

Businesses that purchase goods or services for use in the production of other products or services, rather than for resale.

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