1. What are the two broad categories of retirement plans? Give some examples of each.
Discuss in detail (two or three paragraphs) and cite a reference in addition to the text.
2. How is the basis calculated in a like-kind exchange? How does the receipt of boot affect the basis of the asset received? How does the giving of boot affect the basis of the asset received?
Discuss in detail (two or three paragraphs) and cite a reference in addition to the text.
