If there is a like-kind exchange of property between related parties,how long do they have to wait to dispose of the property received in order to avoid having to recognize any gain on the exchange?
A)6 months
B)1 year
C)2 years
D)no waiting period

Question

Quizplus · Accepted Answer

If there is a like-kind exchange of property between related parties, they must wait at least 2 years to dispose of the property received in order to avoid having to recognize any gain on the exchange.

If There Is a Like-Kind Exchange of Property Between Related