George, age 68, decides to retire from farming and is considering selling his farm. The farm has a $100,000 basis and a $400,000 FMV. Georges two sons are not interested in farming. Both sons have large families and would like to own houses suitable for their needs. The Iowa Corporation is willing to purchase Georges farm. Georges tax advisor suggests that Iowa Corporation should buy the two houses the sons want to own for $400,000 and then exchange the houses for Georges farm. After the exchange, George could make a gift of the houses to the sons. George is concerned that this transaction does not qualify as a like-kind exchange. George wants the exchange to qualify as a like-kind exchange and still help his sons obtain the houses. What advice do you have for him? Prepare a memo to send to him and reference sources.