The exchange of unimproved real property located in Topeka, KS, for improved real property located in Atlanta, GA, does not qualify as a like-kind exchange.

Name: The exchange of unimproved real property located in Topeka, KS, for improved real property located in Atlanta, GA, does not qualify as a like-kind exchange.
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Question

Quizplus · Accepted Answer

As long as both properties are held for productive use in a trade or business or for investment purposes, they can qualify as like-kind properties regardless of their locations.

The Exchange of Unimproved Real Property Located in Topeka, KS