Hey experts I need help with my federal taxation research assignment

Describe the problem as part of the response. The requirement is to determine the responses for A and B above with primary research facts to supports your responses (Including matching it with a code section from the internal revenue code or the IRS).

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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 George's two sons are not interested in farming. Both sons have large families and would like to own houses suitable for their needs. The lowa Corporation is willing to purchase George's farm. George's tax advisor suggests that lowa Corporation should buy the two houses the sons want to own for$400,000 and then exchange the houses for George's farm. After the exchange, George could make a gift of the houses to the sons. a. If the transactions are executed as suggested by the tax advisor, George's recognized gain will be $300,000. Explain why the transaction does not qualify as a like-kind exchange b. 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? A partial list of research sources is Dollie H Click, 78 T C. 225 (1982) Fred S Wagensen, 74 TC. 653 (1980)