Mark for follow up 90 Question 57 of 75. Generally, if the owner of an IRA dies before beginning required minimum distributions, the designated beneficiary man. Take the entire amount in lump-sum in the year after the year of death. Take the entire amount of the account balance within ten years after the year of death. Take the entire amount of the account balance within five years after the year of death. Begin to take the required minimum distributions when the beneficiary turns 70%. Mark for follow up Next >> Question 58 of 75. Hammond Druthers gave up investment use land and $16,000 cash for a nonresidential condominium. For Hammond, is exchange is: O Fully taxable as a recognizable transfer. Fully nontaxable as a like-kind exchange. Partially taxable as a like-kind exchange. Not eligible as a like-kind exchange. Mark for follow up