Business, 29.11.2019 03:31 alemicsho2397

Aowns a ranch in wyoming, which b offers to purchase. a is not willing to sell the ranch but is willing to exchange the ranch for an apartment complex in louisiana. the complex is available for sale. b purchases the apartment complex in louisiana from c and transfers it to a in exchange for a's ranch. the ranch and the complex each have a $1,000,000 fair market value. which of the following is true? a) the transaction qualifies as a like-kind exchange for b but not for a. b) the transaction qualifies as a like-kind exchange for both b and a. c) the transaction qualifies as a like-kind exchange for a but not for b. d) the transaction does not qualify as a like-kind exchange for either b or a.

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Aowns a ranch in wyoming, which b offers to purchase. a is not willing to sell the ranch but is will...

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