MULTIPLE CHOICE 793

| November 24, 2015

 

Which of the following statements is correct?

A. The receipt of boot in a § 1031 like-kind exchange can result in the recognition of gain.
B. The receipt of boot in a § 1031 like-kind exchange cannot result in the recognition of loss.
C. The giving of boot in a § 1031 like-kind exchange can result in the recognition of gain.
D. Only a. and b.
E. a., b., and c.

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