Question
Indicate whether each of the following is either: A NOT a like-kind exchange B A like-kind exchange 27. Grocery store traded for a drug store
Indicate whether each of the following is either: A NOT a like-kind exchange B A like-kind exchange
27. Grocery store traded for a drug store (both used for businessassume only the actual buildings and land are involved) 28. Truck used in business traded for inventory used in business 29. Land held for investment traded for stock held for investment 30. Rental home held for investment traded for land held for business 31. Warehouse used in business traded for land held for investment 32. An apartment building held for investment and farmland used in a trade or business. 33. Land used in trade or business for an office building used in trade or business. 34. Improved real estate held for investment for unimproved real estate held for investment. 35. An airplane used in trade or business for a general purpose truck used in business 36. A personal home for a business building
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