4. Which of the following qualify as like-kind exchange under section 1031?

a. Improved for unimproved real estate:

b. Vending machine (used in business) for inventory:

c. Rental house for personal residence

d. Business equipment for securities

e. Warehouse for office building (both used for business):

f. Truck for computer (both used for business):

g. Rental house for land (both held for investment):

h. Ten shares of stock in Blue Corporation for 10 shares of stock in Red Corporation:

i. Office furniture for office equipment (both used in business):

j. Unimproved land in Jackson, Mississippi, for unimproved land in Toledo, Spain:

k. General partnership interest for a general partnership interest:

6. Ross would like to dispose of some land he acquired five years ago because he believes that it will not continue to appreciate. Its value has increased by $50,000 over the five-year period. He also intends to sell stock that has declined in value by $50,000 during the eight-month period he has owned it. Ross has four offers to acquire the stock and land:

Buyer number 1: Exchange land.

Buyer number 2: Purchase land for cash.

Buyer number 3: Exchange stock.

Buyer number 4: Purchase stock for cash.

Identify the tax issues relevant to Ross in disposing of this land and stock.

22. On February 24, 2015, Allisons building, with an adjusted basis of $1.3 million (and used in her trade or business), is destroyed by fire. On March 31, 2015, she receives an insurance reimbursement of $1.65 million for the loss. Allison invests $1.55 million in a new building and buys stock with the balance of insurance proceeds. Allison is a calendar year taxpayer.

a. By what date must Allison make the new investment to qualify for the non-recognition election?

b. Assuming that the replacement property qualifies as similar or related in service or use, what is Allisons realized gain, recognized gain, and basis in the replacement building?