Barry Is Very Dedicated To The Arts And Has Made

Barry is very dedicated to the arts and has made a career of purchasing copyrights to various art forms. Once purchased, he publicizes these works to capitalize on the copyrights and has been very successful. Last year, he acquired a book manuscript that he believes would be better suited to a mainstream publisher. He approaches a publisher about trading the book copyright for the copyright on the words and music for a new musical comedy that he heard the publisher had acquired. Will the exchange qualify as like-kind exchange?

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