If there is a realized gain on a like-kind exchange,both the receipt of boot and the giving of boot result in part or all of the realized gain being recognized.

Name: If there is a realized gain on a like-kind exchange,both the receipt of boot and the giving of boot result in part or all of the realized gain being recognized.
Brand: Quizplus
Rating: 4.7 (33 reviews)

Question

Quizplus · Accepted Answer

In a like-kind exchange, only the receipt of boot (non-like-kind property or cash) can trigger recognition of gain, not the giving of boot.

If There Is a Realized Gain on a Like-Kind Exchange,both