CompTIA PDI+ Exam Prep

Category - Enrolled Agent

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Which of the following does not qualify as a nontaxable exchange or transfer?

A life insurance contract for an annuity contract
A general partnership interest for a general partnership interest in the same partnership
A transfer of property from an individual to a former spouse, incident to divorce
None of the above

Explanation

Answer: B - A general partnership interest for a general partnership interest in the same partnership.

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