Net gain from a caualy gain on a dump uck held for hvo years Sale of a leaohold had tor more than a year Sale of dairy catte held for 14 monhs Mak tor foow up Question 18 of 75. In an exchange, Archie gave up bis fully depreciated business use dump truck (FMV $15.000) and $5.000 or a neweri Which of the foliowing statements is TRUE in regard to Archie's exchange of businessuse property? Luse dump truck (FMV $20,0001. The eschange was completed on January 12, 201a. O Aechie wil not be able to delagan on his enchange becane begining in tax years afte December 2017, Secton 1031 Ie nd echanges onty apply to echanges of real property O Arche changed business une property for another property that was ato business ue, so he w be abe to use the d change anent to deter h gain Begrng ater Decenber 2018, Archie wil be able to une Section 1031 lkend exchange treatment on permonal and O Achie sid the bniness use propety in 2018 durng the tramition period for kend exchanges hat are net Question 19 of 75 In January 200 Js pochased for S110,000 a rental house which he immediately placed in service Th How much depreciation may he deduct in 20187 510000for the land, August of 2018, he decided to sel the house to the tenant Osilas DMafo Question 20 ol 75 Whach of the fotowing siations ivolving an echange of business property does NoT sempty a fully aontasable enchanmge O Cavidaded h deery wan wth Maca tor a devery wan that had moe space and ess mage He ase pd her 2.000 canh Mndaaeda commluldnga00 t Pa s onmercalbug OHadded anmproved r Ors ouse Cver pad e200 epenenumed with he echange OSarah aded yed icebung ter an ice buing tha d t have any beants No cahor epetses incured for the change MA LO LOCK 1323 PM Plea 1/2020 ELL Reeomimend Net gain from a caualy gain on a dump uck held for hvo years Sale of a leaohold had tor more than a year Sale of dairy catte held for 14 monhs Mak tor foow up Question 18 of 75. In an exchange, Archie gave up bis fully depreciated business use dump truck (FMV $15.000) and $5.000 or a neweri Which of the foliowing statements is TRUE in regard to Archie's exchange of businessuse property? Luse dump truck (FMV $20,0001. The eschange was completed on January 12, 201a. O Aechie wil not be able to delagan on his enchange becane begining in tax years afte December 2017, Secton 1031 Ie nd echanges onty apply to echanges of real property O Arche changed business une property for another property that was ato business ue, so he w be abe to use the d change anent to deter h gain Begrng ater Decenber 2018, Archie wil be able to une Section 1031 lkend exchange treatment on permonal and O Achie sid the bniness use propety in 2018 durng the tramition period for kend exchanges hat are net Question 19 of 75 In January 200 Js pochased for S110,000 a rental house which he immediately placed in service Th How much depreciation may he deduct in 20187 510000for the land, August of 2018, he decided to sel the house to the tenant Osilas DMafo Question 20 ol 75 Whach of the fotowing siations ivolving an echange of business property does NoT sempty a fully aontasable enchanmge O Cavidaded h deery wan wth Maca tor a devery wan that had moe space and ess mage He ase pd her 2.000 canh Mndaaeda commluldnga00 t Pa s onmercalbug OHadded anmproved r Ors ouse Cver pad e200 epenenumed with he echange OSarah aded yed icebung ter an ice buing tha d t have any beants No cahor epetses incured for the change MA LO LOCK 1323 PM Plea 1/2020 ELL Reeomimend