Abbie exchanged the following business assets. Which situation exemplifies a ful

Question

Abbie exchanged the following business assets. Which situation exemplifies a fully nontaxable exchange for Abbie?

An improved lot traded to Iva for a rental house. Iva paid the $2,000 selling expense.

A printing press machine traded for Terrell's printing press machine and $3,000 in cash.

A delivery van traded with Nina for a refrigerator unit.

A commercial sewing machine and $5,000 traded with Rosie for another commercial sewing machine.

Abbie exchanged the following business assets. Which situation exemplifies a fully nontaxable exchange for Abbie?

Explanation / Answer

Answer :- Option D). A commercial sewing machine and $5,000 traded with Rosie for the another commercial sewing machine.

Conclusion :- Option D).

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