Section 1031 of the Internal Revenue Code Permits Investors to Defer

Multiple Choice

Section 1031 of the Internal Revenue Code permits investors to defer some or all of the taxable gain that would ordinarily be due on the sale of a property if they exchange for "like-kind" property. In order to avoid income taxes, many investors attempted to make use of this tax code when disposing of commercial real estate assets. This led to the reemergence of which of the following forms of ownership in commercial real estate?

A) General Partnership
B) Limited Liability Company
C) Tenancy-in-common
D) Limited Partnership