South-western Federal Taxation 2018: Individual Income Taxes
South-western Federal Taxation 2018: Individual Income Taxes
41st Edition
ISBN: 9781337385886
Author: William H. Hoffman, James C. Young, William A. Raabe, David M. Maloney, Annette Nellen
Publisher: Cengage Learning
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Chapter 15, Problem 5DQ

LO.2 Melissa owns a residential lot in Spring Creek, Louisiana, that has appreciated substantially in value. She holds the lot for investment. She is considering exchanging the lot for a residential lot located in Paris, France, that she also will hold for investment. Identify the relevant tax issues for Melissa.

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South-western Federal Taxation 2018: Individual Income Taxes

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