For purposes of nontaxable exchanges, cash and non-like-kind property constitute boot.
Answer the following statement true (T) or false (F)
True
The addition of cash or non-like-kind property is needed when the qualifying like-kind properties being exchanged are not of equal value. Any cash or other property which is not like-kind is treated as boot.
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a. Self-talk b. Finding purpose c. Mental imagery d. Removing negative cues
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What will be an ideal response?
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Indicate whether the statement is true or false