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Which is true regarding a Like-Kind Exchange? The assumption of liabilities is not considered in the transaction. IRC Section 1040 states the rules for the

Which is true regarding a Like-Kind Exchange?

The assumption of liabilities is not considered in the transaction.

IRC Section 1040 states the rules for the like-kind exchange.

RC Section 1031states the rules for the like-kind exchange.

Losses in a like-kind exchange receive immediate recognition.

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