All of the following qualify as a like-kind exchange except
A)an apartment building held for investment for a warehouse used in a trade or business.
B)a printer used in trade or business for a computer used in trade or business.
C)improved real estate held for investment for unimproved real estate held for investment.
D)an airplane used in trade or business for a high-rise construction crane used in trade or business.

Question

Quizplus · Accepted Answer

D)Real property used in business or for investment exchanged for any real property qualifies as do computers and peripherals.An airplane and construction equipment are in different general asset classes and are,therefore,not like-kind property.

All of the Following Qualify as a Like-Kind Exchange Except