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Business, 08.05.2020 01:57 kiki9496

Lanny wants to purchase a farm owned by Jane, but Jane does not want to recognize a gain on the transfer of the appreciated property. Explain how a three- party exchange might be used to allow Lanny to obtain the farm without Jane having to recognize a gain.

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Lanny wants to purchase a farm owned by Jane, but Jane does not want to recognize a gain on the tran...

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