How are like-kind exchanges treated under the federal, Ask an Expert

Accounting

1. How is the assumption of liability by the transferee from property given by the transferor treated by the transferor in a like-kind exchange? Also, describe whether the transferor assumes liability on property received.

2. How are like-kind exchanges treated under the federal income tax laws?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M986995

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