691t s 2r to et noita9uO O $3 636 Mark for follow up Question 18 of 75. In an exchange, Archie gave up his tuly depreciated business-use dump truck (FMV $15000 and s5,000 for a newer business-use O Archie vilI nd bte able to defer a gain on his exchange because beginning in tax years after December 2017, Section 1031 lke-kind exchanges only apply to excharg O Archie exchanged business-use property for another property that was also business-use, so he wil be able to use the like-kind exchange treatment to defer his gain O Beginning affer December 2018, Archie will be able to use Section 1031 like-kind exchange treatment on personal and intangible property O Archie sold the business-use property in 2018 during the transition period for like-kind exchanges that are not real property exchanges. Mark for follow up