Question
Indicate whether each of the following is either: A) NOT a like-kind exchangeB) A like-kind exchange 27.Grocery store traded for a drug store (both used
Indicate whether each of the following is either:
A)NOT a like-kind exchangeB) 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.Rentalhome 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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