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n In a like-kind exchange that includes cash as boot in, what could potentially happen? The taxpayer may have to recognize gain. Cash as boot
n In a like-kind exchange that includes cash as boot in, what could potentially happen? The taxpayer may have to recognize gain. Cash as boot in will not cause the taxpayer to recognize gain or loss. The taxpayer may have to recognize gain and/or loss. The taxpayer may have to recognize loss
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