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Which is true of the provisions of IRC 351? (Points : 5) a. Taxpayers must make an election to qualify under IRC 351. b. It

Which is true of the provisions of IRC 351? (Points : 5)

a. Taxpayers must make an election to qualify under IRC 351.

b. It provides for the deferral of gain recognition.

c. It has a control requirement of 50%.

d. It is also known as a like-kind exchange.

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