Which one of the following is not a requirement of a deferred like-kind exchange?
A)The like-kind property to be received must be identified within 45 days.
B)The exchange must be completed within the taxable year.
C)The like-kind property must be received within 180 days.
D)A third party intermediary is often used to facilitate the exchange.
E)All of thesE.The exchange must be completed by the due date of the taxpayer's return including extensions.

Question

Quizplus · Accepted Answer

While it is important to complete the exchange within a certain time frame, there is no specific requirement that it must be completed within the taxable year. The other options listed are requirements of a deferred like-kind exchange.

Which One of the Following Is Not a Requirement of a Deferred