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Which of the following is true of the like-kind exchange rules under Code Section 1031? They apply to gains and losses. They apply to exchanges

Which of the following is true of the like-kind exchange rules under Code Section 1031?

They apply to gains and losses.

They apply to exchanges of personal use property.

They apply to exchanges of US investment realty for foreign investment realty.

They apply to exchanges of business personal property.

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