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(Solved) (Latest ver. Aug 2020) - Like-Kind Property: which qualify under Section 1031?

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Question:

Which of the following exchanges qualify as like-kind exchanges under Sec. 1031?

a. Acme Corporation stock held for investment purposes for Mesa Corporation stock also held for investment purposes

b. A motel used in a trade or business for an apartment complex held for investment

c. A pecan orchard in Texas used in a trade or business for an orange grove in Florida used in a trade or business

d. A one-third interest in a general partnership for a one-fourth interest in a limited partnership

e. Inventory for equipment used in a trade or business

f. Unimproved land held as an investment for a warehouse used in a trade or business

g. An automobile used as a personal-use asset for marketable securities held for investment

 







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