Tanner Watkins is a realtor and has created a niche for like-kind exchanges. If Tanner enters into a like-kind-exchange resulting in a gain he recognizes as gain the lesser of the fair market value of the boot received or the gain realized. O True O False Question 9 3 pts When determining if an expense is "reasonable" the courts and the IRS will often use the "arms-length" principle. O True O False