Discuss the tax consequences in the disposition

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Reference no: EM133412660

1. Identify the types of transactions that qualify as like-kind exchanges. Give examples.

2. Explain the related party rules of Section 1031 like-kind exchanges.

3. Describe the original or cost tax basis of property.

4. Discuss the tax consequences in the disposition of property and the rules covering vacation homes and rentals. Give examples where appropriate.

Reference no: EM133412660

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