A building located in Virginia (used in business) exchanged for a building located in France (used in business) cannot
qualify for like-kind exchange treatment.

Name: A building located in Virginia (used in business) exchanged for a building located in France (used in business) cannot qualify for like-kind exchange treatment.
Brand: Quizplus
Rating: 4.7 (28 reviews)

Question

Quizplus · Accepted Answer

Under U.S. tax law, properties involved in a like-kind exchange must be located within the United States to qualify for like-kind exchange treatment.

A Building Located in Virginia (Used in Business) Exchanged for a Building