Which of the following qualify as a like-kind exchange?
-Coke-Cola bonds for General Foods bonds.
A)qualifies as a like-kind exchange
B)does not qualify as a like-kind exchange

Question

Quizplus · Accepted Answer

Like-kind exchanges are limited to exchanges of real property or personal property that is of the same nature or character. Bonds are not considered like-kind property, so this exchange does not qualify.

Which of the Following Qualify as a Like-Kind Exchange