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– Throughout this course, many discussion opportunities come up where you need to respond to other people’s opinions and comments. Address the Discussion topic after you have completed your reading.
Discussion Topic 1: Trading Property
Ace Corporation has located a building that it would like to acquire for its office complex. Ace Corporation has contacted the owner of the property about making a trade for Ace’s existing property. The owner of the property is only willing to sell for cash, as he will have little gain on the sale and has no use for the Ace property. Ace Corporation, on the other hand, has an extremely low basis in its property and is unwilling to sell it in order to purchase the new property.
Discuss if there is any way Ace and the owner of the other property can accomplish their goals.
Do you think Congress had this intent in mind when they created these tax provisions?
Do you think this “smells” of tax avoidance/deferral?
Provide specific details to support your opinions in your response.
Please review the Discussion Board Participation grading rubric on your course Syllabus. This is important information that will ensure that you earn maximum points.
Your postings should be qualitative and provide substantive depth that advances the discussion.
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