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December 4, Rachel receives a condemnation award and transfers her property. Mark for follow up Question 46 of 50. Which of the following scenarios is

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December 4, Rachel receives a condemnation award and transfers her property. Mark for follow up Question 46 of 50. Which of the following scenarios is a sale under threat or imminence of condemnation? O Connie sold her land in New Orleans the week before the U.S. Army Corps of Engineers announced a new levee was going to be built through part of the property. O Chuck heard on the evening news that the state is going to take property to construct another exchange on the interstate. His warehouse is located in the middle of the new exchange. After he contacted a representative of the Department of Transportation, who confirmed the story, he sold the property to the neighboring warehouse owner. O Dennis received a notice from the health department that unless he connects his rental property to the city sewer system, the property will be condemned. He sold the property "as is" rather than paying an estimated $30,000 to connect to the sewer system. O Darlene sold her main home after she heard from her neighbor about an airport expansion project that was going to take their properties Mark for follow up Question 47 of 50. Tyson wants to exchange his investment-use land for another property held by a family member. Which of the following individuals is NOT considered a related party for like-kind exchanges? Tyson's cousin, Jared Tyson's brother, Sam. Tyson's mother, Marnia. Tyson's great-grandmother, Dolores. Mark for follow up

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