Multiple Choice
Which of the following exchanges qualifies for nonrecognition treatment as a § 1031 like-kind exchange?
A) Airplane used in a business for 1,000 shares of Blue, Inc., stock.
B) Computer used in a business for wooden filing cabinets to be used in a business.
C) Female cow for a male cow.
D) Land in Spain for land in Florida.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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