Which of the following situations involving an exchange of business property does NOT exemplify a fully nontaxable exchange?

A) TAXED 28% CAPITAL GAINS TAX RATE OR THE TAXPAYER'S TAX RATE, IF APPLICABLE.

B) TAXED AT 25% CAPITAL GAINS TAX RATE OR TAXPAYER'S LOWER TAX RATE, IF APPLICABLE.

C) TAXED AT 15% CAPITAL GAINS TA RATE OR TAXPAYER'S LOWER TAX RATE IF APPLICABLE.

D) TAXED 0% CAPITAL GAINS TAX RATE OR THE TAXPAYERS'S LOWER RATE, IF APPLICABLE