Question
Which of the following qualifies as a section 1031 like kind exchange? a. An old Pizza oven five-year property for a new pizza oven both
Which of the following qualifies as a section 1031 like kind exchange?
a. An old Pizza oven five-year property for a new pizza oven both used in business
b. Land held for investment in New York City for a warehouse used for business purposes in New York City
c. a personal residence in San Diego California for a rental home in Palm Springs California
d. Shopping mall in San Francisco for a shopping mall in England
e. none
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For Heintz/parrys College Accounting, Chapters 1-15, 22nd Edition, [instant Access]
Authors: James A. Heintz, Robert W. Parry
22nd Edition
1305669886, 9781305669888
