Multiple Choice
Which of the following qualify as a like-kind exchange?
A) Inventory of a retail hardware store for inventory of a plumbing wholesaler.
B) Investment land for a building to be used in a trade or business.
C) General partnership interest for a limited partnership interest.
D) Rental house for a house to be used as a principal residence.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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