Which of the Following Statements with Respect to a Like-Kind

Multiple Choice

Which of the following statements with respect to a like-kind exchange is false?

A) Real property used in a trade or business can be exchanged for real property to be held for investment.
B) An exchange of inventory does not qualify as a like-kind exchange.
C) An exchange of a hotel in the United States for a hotel in Canada will not qualify.
D) A sale of property and subsequent purchase of like-kind property will always qualify as a like-kind exchange.