Question: How to solve RESEARCH CASES A client recently exchanged 2 0 0 ounces of gold bullion ( adjusted basis, $ 6 0 , 0 0

How to solve
RESEARCH CASES
A client recently exchanged 200 ounces of
gold bullion (adjusted basis, $60,000, fair
market value $100,000) for 1,500 ounces of
silver bullion (fair market value $100,000).
Will this exchange qualify as a nontaxable
like-kind exchange under Code Sec. 1031?

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