Which,if any,of the following exchanges qualifies for nonrecognition treatment as a § 1031 like-kind exchange?
A)Partnership interest for a partnership interest.
B)Inventory for inventory.
C)Securities for personalty.
D)Business realty for investment realty.
E)None of these.

Question

Quizplus · Accepted Answer

Business realty that is exchanged for investment realty qualifies for the like-kind exchange treatment (choice d. ).Partnership interests (choice a. ),inventory (choice b. ),and securities (choice c. )do not qualify as like- kind property.

Which,if Any,of the Following Exchanges Qualifies for Nonrecognition Treatment as a §