199A Final Regs

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Message Board 199A Final Regs

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    Cynthia Carnahan
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    Final regs define UBIA for exchanged real estate as the UBIA of the RELINQUISHED property.

    If Relinquished property was land-only [Acquired property is land and buildings] does that mean ZERO UBIA, since land is not qualified property for 199A?

    Any help is very appreciated, THANKS.
    cynthia