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of the new machine or sell the old machine for $60,000 to her friend. Based on the like-kind exchange rules, she wants to know which would result in a smaller recognized gain for tax purpose. She should trade it in because then she would not have to report the gain as a result of the like-kind-exchange rules. She should sell it to her friend because this would result in the least amount of taxes. It does not make a difference for 2022 , since machinery and equipment do not qualify for like-kind exchange tax benefits. It does not make a difference because she does not have a gain on the disposition of old machinery. QUESTION 10 the Section 1033 involuntary conversion rule? $300,000$350,000$400,000$450,000 QUESTION 11 filing jointly for 2022 is $25,900.) They cannot itemize their deductions because they only have one category of itemized deductions. They should itemize their deductions because it exceeds the standard deduction for 2022. They should claim the standard deduction because married taxpayers can claim a double standard of $25,900 for each spouse. It does not make a difference because itemized deductions for 2022 is limited to the $25,900 standard deduction. QUESTION 12 2022 tax return if they file as married filing jointly? $340,000 $90,000 $250,000 $0