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Which is not an example of a nontaxable like-kind exchange

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Problem 1: Which of the following is not an example of a nontaxable like-kind exchange?

a. Improved real estate for unimproved real estate.

b. Inventory for common stock.

c. The trade of an apartment building for a store building.

d. Real estate for a ranch.

Reference no: EM132879477

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