Which of the following types of business or investment property are not excluded from like-kind exchange treatment?
A)Securities
B)Livestock of the same species but exchanged for the other sex
C)Inventory held for sale
D)Business machines

Question

Quizplus · Accepted Answer

Business machines can be included in like-kind exchanges, allowing businesses to swap similar types of equipment without immediate tax implications. Other options like securities, livestock of different sexes, and inventory held for sale are specifically excluded from like-kind exchange treatment under IRS rules.

Which of the Following Types of Business or Investment Property