If Boot Is Received in a § 1031 Like-Kind Exchange

question 80

True/False

If boot is received in a § 1031 like-kind exchange that results in some of the realized gain being recognized, the holding period for both the like-kind property and the boot received begins on the date of the exchange.

---

Definitions:

Multiskilled Health Professional

A healthcare worker trained to perform various duties across different domains, enhancing versatility and efficiency in medical settings.

Phlebotomy Technician

A healthcare professional trained to draw blood from patients for various medical testing, transfusions, or donations.

ECG Technician

A healthcare professional specialized in performing electrocardiograms, which monitor the electrical activity of the heart.

Surgical Technician

A healthcare professional who assists during surgeries by preparing the operating room, arranging equipment, and helping doctors during medical procedures.