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mart [117]
2 years ago
6

Brett owns investment land located in Tucson, AZ. He exchanges it for other investment land. In which of the following locations

may the other investment land be located and enable Brett to qualify for like-kind exchange treatment?
a. Mexico City
b. Mexico Toronto
c. Canada Paris
d. France
e. Only A and B
f. None of the above
Business
1 answer:
andriy [413]2 years ago
4 0

Answer:

F. None of The Above

Explanation:

Real property located in the United States exchanged for foreign real property (and  vice versa) does not qualify as like-kind property.

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