1) Oliver and Dinah (owners of Queen Enterprises) own the following assets they are wanting to exchange into new properties. They have decided to sell their current properties and within 45 days purchase the new properties. Match the properties that can be used as a like-kind exchange. Are there any that do not qualify? Why not? (Please explain why or why not each exchange is taxable or not) Thank you!

Currently Own

Apartment Building in Star City, WA

Warehouse used by Queen Enterprises in Coast City, CA

Hostel in Nanda Parbat, Tibet

Vacation Home in Tinasha, DR Congo

Would like to Own

Vacation Home in Feithera, Greenland

Farm Land to lease out in Smallville, KS

Office Building for use by Queen Enterprises in Star City, WA

Hotel in Amnesty Bay, ME

*Please only "exchange" one property for one other property and list whether that was a non-taxable exchange or if it was not eligible for non-taxable exchange.

2) Considering the same question, what if the currently owned homes were not sold voluntarily, but Oliver and Dinah were forced to sell them through the use of eminent domain. Now match the properties that can be used as an involuntary exchange. Are there any that do not qualify? Why not?