An Exchange of Business or Investment Property for Like-Kind Property

question 62

True/False

An exchange of business or investment property for like-kind property with a § 267 related party cannot qualify as a § 1031 like-kind exchange.

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Definitions:

State-Dependent Learning

The phenomenon that recall is easier when the pharmacological state of the person at recall matches his or her pharmacological state during encoding.

Retrieval Processes

The cognitive operations involved in bringing stored information back into consciousness or into active use.

Encoding Variability

The way the encoding of information varies as a function of context.

Procedural Memory

A type of long-term memory responsible for knowing how to perform different actions and skills, essentially the memory of how to do things.