If Related Parties Complete a Qualified Like-Kind Exchange, How Long

question 96

Multiple Choice

If related parties complete a qualified like-kind exchange, how long must the parties wait before disposing of the property exchanged to insure that any realized gain on the transfer is not recognized?

• A)No waiting.
• B)30 days.
• C)6 months.
• D)1 year.
• E)2 years.

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Definitions:

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