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Question 61 of 75. Hammond Druthers gave up investment use land and $16.000 cash for a nonresidential condominium. For Hammond, this exchange Fully taxable as

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Question 61 of 75. Hammond Druthers gave up investment use land and $16.000 cash for a nonresidential condominium. For Hammond, this exchange 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

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