What Is the Primary Purpose of a Third-Party Intermediary in a Deferred

question 69

Multiple Choice

What is the primary purpose of a third-party intermediary in a deferred like-kind exchange?

• A)To facilitate finding replacement property.
• B)To help acquire the replacement property.
• C)To prevent the seller from receiving cash (boot) that will taint the transaction.
• D)To certify the taxpayer's Form 8824.
• E)All of thesE.The receipt of cash in a transaction qualifies as boot and requires the recognition of gain.

---

Definitions:

Obsessive-Compulsive Personality Disorder

A personality disorder characterized by a preoccupation with orderliness, perfectionism, control, and rules, often at the expense of flexibility and efficiency.

Psychotherapy

A form of treatment for mental health problems that involves talking with a psychiatrist, psychologist, or other mental health provider.

Exposure and Response Prevention

A behavioral therapy technique treating anxiety disorders and OCD, focusing on facing fears and refraining from compulsive behaviors in response.

SSRI Medication

A type of antidepressant medication that works by increasing the levels of serotonin in the brain, used to treat depression and anxiety disorders.