Melissa owns a residential lot in Spring Creek, Louisiana, that has appreciated substantially in value. She holds

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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 Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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