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

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

Explanation / Answer

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

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.