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7. Olivia exchanges her land (AB $50,000) and her marketable securities (AB $20,000) for a larger parcel of land (FMV $110,000) in a transaction that

7. Olivia exchanges her land (AB $50,000) and her marketable securities (AB $20,000) for a larger parcel of land (FMV $110,000) in a transaction that otherwise qualifies as a like-kind exchange. The F...

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