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Hammond furthers gave up investment use land and 16,000 cash for a nonresidential condominium. this exchange is a fully taxable as a recognizable transfer b

Hammond furthers gave up investment use land and 16,000 cash for a nonresidential condominium. this exchange is a fully taxable as a recognizable transfer b fully nontaxable as a like kind exchange c partially taxable as a like kind exchange d not eligible as a like kind exchange

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