McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Exercise 22

Compare and contrast the like-kind property requirements for real property and for personal property for purposes of qualifying for a like-kind exchange.Explain whether a car held by a corporation for delivering documents will qualify as like-kind property with a car held by an individual for personal use.