All of the following qualify as a like-kind exchange except
A)an apartment building held for investment for a warehouse used in a trade or business.
B)a printer used in trade or business for a computer used in trade or business.
C)improved real estate held for investment for unimproved real estate held for investment.
D)all of the exchanges qualify as like-kind exchanges.

Question

Quizplus · Accepted Answer

The exchange of a printer used in trade or business for a computer used in trade or business does not qualify as a like-kind exchange because the assets exchanged are not of the same asset class (personal property vs. real property).

All of the Following Qualify as a Like-Kind Exchange Except