The exchange of inventory does not qualify for like-kind exchange treatment.

Name: The exchange of inventory does not qualify for like-kind exchange treatment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Like-kind exchange treatment is only available for real property and certain types of personal property, such as equipment or vehicles used in a business. Inventory is not considered like-kind property and therefore does not qualify for this treatment.

The Exchange of Inventory Does Not Qualify for Like-Kind Exchange