43) Which one of the following is not a requirement of a deferred like-kind exchange? A) The like-kind property to be received must be identified within 45 days.

B) The exchange must be completed within the taxable year.

C) The like-kind property must be received within 180 days.

D) The exchanged property must be like-kind. E) All of the choices are correct.

exchange is:

A) The basis is equal to the fair market value of the new property.

B) The basis is equal to the fair market value of the old property.

C) The basis is equal to the adjusted basis of the old property. D) The basis is equal to the cost basis of the old property.

E) All of the choices are correct.