Which of the following scenarios is a sale under threat r imminence of condemnation?

A - Jason sold his land in Houston the week before the U. S. Army Corps of Engineers announced a new levee was going to be built through part of the property

B - Theodore heard on the evening news that the state is going to take property to construct another exchange on the interstate. His warehouse is located in the middle of the new exchange. After he contacted a representative of the Department of Transportation, who confirmed the story, he sold the property to the neighboring warehouse owner

C - Gary received a notice from the health department that unless he connects his rental property to the city sewer system, the property will be condemned. He sold the property "as is" rather than paying an estimated $45,000 to connect to the sewer system

D - Belinda sold her main home after she heard from her neighbor about an airport expansion project that was going to take their properties

Review each of the following scenarios. Then, choose the response that describes a nontaxable exchange. In each scenario, the taxpayer acquired property of equal or greater value

A - Gillian exchanged a plot of land for a rental house. She paid BROKER'S COMMISSION OF $2,000 AS PART OF THE EXCHANGE

B - GREGORY TRADED A COMMERCIAL VAN FOR AN AIR CONDITIONING UNIT

C - JESSICA TRADED A COMMERCIAL MILLING MACHINE FOR ANOTHER COMMERCIAL. SHE ALSO RECEIVED $7,000 CASH AS PART OF THE EXCHANGE

D - IVA TRADED A PLOT OF LAND IN GEORGIA FOR ANOTHER PLOT OF LAND IN THE COUNTRY OF MEXICO PRIOR TO THE EXCHANGE, IVA HAD MADE IMPROVEMENTS TO THE PROPERTY IN GEORGIA. THE PROPERTY SHE ACQUIRED IN MEXICO HAD NOT BEEN UPGRADED AND DID NOT INCLUDE ESSENTIAL SERVICES

"as is" rather than paying an estimated $45,000 to connect to the sewer system D - Belinda sold her main home after she heard from her neighbor about an airport expansion project that was going to take their properties