For the following exchanges, indicate which qualify as like-kind property.
a. Inventory of a sporting goods store in Charleston for inventory of an appliance store in Savannah.
b. Inventory of a ladies dress shop in Cleveland for inventory of a ladies dress shop in Richmond.
c. Investment land in Virginia Beach for office building in Williamsburg.
d. Used automobile used in a business for a new automobile to be used in the business.
e. Investment land in Paris for investment land in San Francisco.
f. Shares of Texaco stock for shares of Exxon Mobil stock.

Question

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The Answer of For the following exchanges, indicate which qualify as like-kind property.
a. Inventory of a sporting goods store in Charleston for inventory of an appliance store in Savannah.
b. Inventory of a ladies dress shop in Cleveland for inventory of a ladies dress shop in Richmond.
c. Investment land in Virginia Beach for office building in Williamsburg.
d. Used automobile used in a business for a new automobile to be used in the business.
e. Investment land in Paris for investment land in San Francisco.
f. Shares of Texaco stock for shares of Exxon Mobil stock.

For the Following Exchanges, Indicate Which Qualify as Like-Kind Property