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Which of the following is not considered boot? A. Investments B. Vehicle C. Cash D. Non...

Which of the following is not considered boot?
A. Investments
B. Vehicle
C. Cash
D. Non qualified preferred stock
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Answer #1

c)cash

The term "boot" is not used in the Internal Revenue Code or the Regulations, but is commonly used in discussing the tax consequences of a Section 1031 tax-deferredexchange. Boot received is the money or the fair market value of "other property" received by the taxpayer in an exchange.

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