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15, Which is true of like-kind exchange treatment? A. It applies only to real property B.It applies only to business or Investment property. C. Sole

15, Which is true of like-kind exchange treatment?

A. It applies only to real property

B.It applies only to business or Investment property.

C. Sole proprietor's income from business activity

C. Losses are never recognized.

D.Guaranteed payment to limited partner

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