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Can A avoid gain recognition by a like kind exchange of T stock for Y stock under section 1031? Under any other section? If Y

Can A avoid gain recognition by a like kind exchange of T stock for Y stock under section 1031? Under any other section? If Y offers to exchange one of its publicly traded bonds for T stock, should A accept the offer? Why is Y willing to give only $130,000 worth of stock in a tax-free exchange?

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