In an exchange, Archie gave up his fully depreciated business use dump truck (FMV $15,000) and $5000 for a newer business use dump truck (FMV $20,000.) The exchange was completed on January 12, 2018. Which of the following statements is true in regard to our cheese exchange off business use property?

a. Archie will not be able to defer a gain on his exchange because beginning in tax years after December 2017, section 1031 like kind exchange is only apply to exchanges of real property.

b. Archie exchanged business used property for another property that was also business use, so he will be able to use the like kind exchange treatment to defer his game.

c. beginning after December 2018, Archie will be able to use section 1031 like kind exchange treatment on personal and intangible property.

d. Archie sold business used property in 2018 during the transition. For lot kind exchanges that are not real property exchanges.