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Which of the following is not considered property for purposes of a Sec. 351 exchange? Intangibles Cash Land Services If a 501(c)(3) not-for profit entity

Which of the following is not considered property for purposes of a Sec. 351 exchange?

Intangibles

Cash

Land

Services

If a 501(c)(3) not-for profit entity is supported more than 1/3 by the general public, that entity is properly characterized as a public charity.

True

False

There are strict limitations on what kinds of entity are allowed to be party to a partnership.

True

False

Which of the following is the appropriate IRS filing for a private foundation?

Form 990PF

Form 990

Form 990N

Form 990EZ

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