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Posted by Stuart A. Bronstein on March 17, 2007, 6:30 am
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> I received a tax return where stock trades were put in as
> like-kind exchanges last year. {About 1.2 million $)
> Everything I read says that stocks are not allowed.
>
> Will someone elaborate on this or give me guidance on this
> possibility.
Section 1031(a)(2)(B) says,
"This subsection shall not apply to any exchange of— ...
(B) stocks, bonds, or notes,..."
Stu
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