No Taxable Gain or Loss Is Recognized on a Like-Kind

Multiple Choice

No taxable gain or loss is recognized on a like-kind exchange of an investment asset for a similar asset that will be held for investment if both assets consist of

A) Partnership interests.
B) Convertible debentures.
C) Mortgage notes
D) Rental real estate located in different states.
E) Common stock of companies in the same industry.