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

Name: The exchange of shares of stock does not qualify for like-kind exchange treatment.
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Question

Quizplus · Accepted Answer

Only real property held for investment or productive use in a trade or business is eligible for like-kind exchange treatment under section 1031 of the Internal Revenue Code. Stock, notes, bonds, and other securities do not qualify.

The Exchange of Shares of Stock Does Not Qualify for Like-Kind