Description of this paper

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

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solution


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

 

Paper#25388 | Written in 18-Jul-2015

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