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Category > Business & Finance Posted 02 May 2017 My Price 7.00

Like-Kind Exchange.

Like-Kind Exchange. (Obj. 4) Bufford wants Jack’s farm as a site for an amusement park and offers him $200,000 for the farm. Jack does not want to sell his farm, which has a basis to Jack of $50,000. Bufford is now considering acquiring another farm for $180,000 and then offering that farm plus $20,000 to Jack in exchange for his farm. If Jack accepts this offer, what are the tax consequences?

 

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Alpha Geek
(8)
Status NEW Posted 02 May 2017 11:05 AM My Price 7.00

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Attachments

file 1493724254-1970942_1_636292850210475205_Like-kind-exchange--rules.xlsx preview (208 words )
19-----------709-----------42&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------441-----------812-----------Lik-----------e-K-----------ind----------- Ex-----------cha-----------nge-----------. (-----------Obj-----------. 4-----------) B-----------uff-----------ord----------- wa-----------nts----------- Ja-----------ckâ-----------€™s----------- fa-----------rm -----------as -----------a s-----------ite----------- fo-----------r a-----------n a-----------mus-----------eme-----------nt -----------par-----------k a-----------nd -----------off-----------ers----------- hi-----------m $-----------200-----------,00-----------0 f-----------or -----------the----------- fa-----------rm.----------- Ja-----------ck -----------doe-----------s n-----------ot -----------wan-----------t t-----------o s-----------ell----------- hi-----------s f-----------arm-----------, w-----------hic-----------h h-----------as -----------a b-----------asi-----------s t-----------o J-----------ack----------- of----------- $5-----------0,0-----------00.----------- Bu-----------ffo-----------rd -----------is -----------now----------- co-----------nsi-----------der-----------ing----------- ac-----------qui-----------rin-----------g a-----------not-----------her----------- fa-----------rm -----------for----------- $1-----------80,-----------000----------- an-----------d t-----------hen----------- of-----------fer-----------ing----------- th-----------at -----------far-----------m p-----------lus----------- $2-----------0,0-----------00 -----------to -----------Jac-----------k i-----------n e-----------xch-----------ang-----------e f-----------or -----------his----------- fa-----------rm.-----------$ba-----------sis----------- of----------- ja-----------cks----------- ow-----------n f-----------arm-----------Off-----------er -----------fro-----------m B-----------uff-----------ord----------- fo-----------r e-----------xch-----------ang-----------e o-----------f f-----------arm-----------Ano-----------the-----------r
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