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A land developer would like to trade some business assets in a nontaxable exchange. Which of the following exchanges would qualify as nontaxable? A. The
A land developer would like to trade some business assets in a nontaxable exchange. Which of the following exchanges would qualify as nontaxable?
A.
The company office building for a large truck to be used in the corporation.
B.
Investment securities for antiques to be held as investments.
C.
A road grader used in land development for another road grader.
D.
A corporate office building for a vacant lot.
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