Multiple Choice
Carman wishes to exchange 10 acres of Iowa farm land in a like-kind exchange. Which of the following properties will qualify for like-kind exchange treatment?
A) New York office building
B) Tractor
C) 35 hogs raised for slaughter
D) Personal residence in Des Moines which Carman would use as her personal residence
Correct Answer:
Verified
Correct Answer:
Verified
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