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If there is a like-kind exchange of property between related parties, how long do they have to wait to dispose of the property received in
If there is a like-kind exchange of property between related parties, how long do they have to wait to dispose of the property received in order to avoid having to recognize any gain on the exchange?
A) 6 months
B) 1 year
C) 2 years
D) no waiting period
Please explain
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