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Which of the following is not an example of a tax-deferred exchange? 1.Installment sale. 2.Like-kind exchange. 3.Involuntary conversion. 4.Sale of marketable securities.

Which of the following is not an example of a tax-deferred exchange?

		1.Installment sale.
		2.Like-kind exchange.
		3.Involuntary conversion.
		4.Sale of marketable securities.

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