Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps

تمرين 10

For an exchange to qualify as a nontaxable exchange, what criteria must be present? a. There must be an exchange.
B) The property transferred and received must be held for use in a trade or business or for investment.
C) The property exchanged must be like-kind.
D) All of these must be present.