Does the receipt of boot in a transaction that otherwise qualifies as a like-kind exchange always cause the exchange to be at least partially taxable?

A. Yes. The receipt of boot in a transaction that otherwise qualifies as a like-kind exchange will always cause the exchange to be at least partially taxable.

B. No. The receipt of boot will never cause a realized gain to be even partially recognized.

C. No. The receipt of boot will not cause a realized loss to be recognized.