Answer:
a. long-term capital gain.
Explanation:
A 1031 exchange allows investors to delay paying taxes when they swap like-kind properties. The basis of this property will start on January 1, 2019, the date the first property was acquired. If the investor sold the property on February 1, 2020, more than a year passed, so this should be taxed as a long term capital gain.
you get out of the car take a photo and get back in and drive
i dont know if you want to use this answer btw
Answer:
economic and legal
Explanation:
Out of all the options, this option fits the scenario the most and I just took the test.