MWNY Question 58 of 75. Hammond Druthers gave up investment use land and $16,000 cash for a nonresidential condominium. For Hammond, this exchange is: O Fully taxable as a recognizable transfer. Fully nontaxable as a like-kind exchange. Partially taxable as a like-kind exchange. O Not eligible as a like-kind exchange. Mark for follow up for $195,000. He received a net awat after the replacem