fte exchange of land for an oﬃce building qualiﬁes as like kind property, but the exchange of a vacant lot for a warehouse would not.

Name: fte exchange of land for an oﬃce building qualiﬁes as like kind property, but the exchange of a vacant lot for a warehouse would not.
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Question

Quizplus · Accepted Answer

Since the exchange of any business or investment realty for other business or investment realty qualiﬁes as a like-kind exchange, both of these would qualify.

Fte Exchange of Land for an Oﬃce Building Qualiﬁes as Like