Practice Quiz

CompTIA PDI+ Exam Prep

Category - Enrolled Agent

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Special rules apply to like kind exchanges between related persons. Under these rules, related persons are:
  1. The taxpayer and a member of his/her family
  2. The taxpayer and a corporation in which the taxpayer has a 25% ownership
  3. The taxpayer and a partnership in which the taxpayer directly or indirectly owns a 25% interest in the capital or profits
  4. All of the above
Explanation
Answer: A - The taxpayer and a member of his/her family
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