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Taxpayer A purchases a new pizza oven from Taxpayer B to use in his business. Taxpayer A pays Taxpayer B $ 1 0 , 0

Taxpayer A purchases a new pizza oven from Taxpayer B to use in his business. Taxpayer A pays Taxpayer B $10,000in cash. Additionally, Taxpayer A gives Taxpayer B 50 shares of a stock with an original cost of $25 per share and a Market Value of $35 per share on the date of purchase. Taxpayer A also pays $2,000 for shipping, $5,000 for installation, and $1,000 for a 2-year insurance policy on the pizza oven.This transaction could be considered a like kind exchange. True or false?

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