Ch15V1TB - CHAPTER 15 PROPERTY TRANSACTIONS NONTAXABLE...

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CHAPTER 15 PROPERTY TRANSACTIONS: NONTAXABLE EXCHANGES Instructor: The test items in both the print Test Bank and ExamView test-creation software are numbered by question type within each chapter. Thus, users of ExamView can more easily preview their selections using the printed Test Bank in the same numbering system. Status: Q/P Question/ Present in Prior Problem Topic Edition Edition TRUE OR FALSE 1 Nontaxable exchange: justification Unchanged 1 2 Nontaxable exchange: justification Unchanged 2 3 Nontaxable exchange versus tax-free transaction Unchanged 3 4 Nontaxable exchange: carryover basis Unchanged 4 5 Like-kind exchange: mandatory nature Unchanged 5 6 Like-kind exchange: qualifying property Unchanged 6 7 Like-kind exchange: qualifying property Unchanged 7 8 Like-kind exchange: qualifying property Modified 8 9 Like-kind exchange: qualifying property Unchanged 9 10 Like-kind exchange: qualifying property Modified 10 11 Like-kind exchange: qualifying property Unchanged 11 12 Like-kind exchange: qualifying property Unchanged 12 13 Like-kind exchange: qualifying property New 14 Like-kind exchange: qualifying property Unchanged 14 15 Like-kind exchange: boot Unchanged 15 16 Like-kind exchange: boot Unchanged 16 17 Like-kind exchange: boot New 18 Like-kind exchange: boot Unchanged 18 19 Like-kind exchange: basis New 20 Like-kind exchange: basis Unchanged 20 21 Like-kind exchange: holding period Unchanged 21 22 Like-kind exchange: holding period Unchanged 22 23 Like-kind exchange: liability as boot Unchanged 23 24 Involuntary conversion: general scheme Unchanged 24 25 Involuntary conversion: gains and losses Unchanged 25 26 Involuntary conversion: replacement property Unchanged 26 27 Involuntary conversion: replacement property Unchanged 27 28 Involuntary conversion: replacement property Unchanged 28 29 Involuntary conversion: replacement property New 30 Involuntary conversion: replacement time period New 31 Involuntary conversion: required reinvestment and Unchanged 31 elective nature 32 Involuntary conversion: holding period Unchanged 32 33 Involuntary conversion: direct versus indirect Unchanged 33 15-1
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15-2 2009 Annual Edition/Test Bank Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 34 Involuntary conversion: losses and basis New 35 Involuntary conversion: losses New 36 Involuntary conversion: basis Unchanged 36 37 Sale of residence: exclusion of gain Unchanged 37 38 Sale of residence: election to forgo Unchanged 38 39 Sale of residence: number of residences Unchanged 39 40 Sale of residence: requirements Unchanged 40 41 Sale of residence: losses Unchanged 41 42 Sale of residence: partial exclusion Unchanged 42 43 Sale of residence: multiple sales Unchanged 43 44 Sale of residence: amount of exclusion Unchanged 44 45 Sale of residence: § 121 requirements for married Unchanged 45 couple 46 Sale of residence: § 121 requirements and marriage Unchanged 46 47 Sale of residence: general calculation and amount Unchanged 47 of § 121 exclusion 48 Sale of residence: general calculation and amount Modified 48 of § 121 exclusion and basis 49
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