Question: When a taxpayer is released from a liability in a like-kind exchange, the amount of the release: Question 16 options: Never triggers gain recognition. Always

When a taxpayer is released from a liability in a like-kind exchange, the amount of the release: Question 16 options: Never triggers gain recognition. Always triggers a gain to be recognized. Is treated as boot and may trigger gain recognition. Does not affect the like-kind exchange in any way

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