Which of the following statements with respect to the exchange of like-kind real property is true?

• A.If there is an exchange of like-kind property in which you also give cash and the exchange results in a gain to you, you must report the gain to the extent of the cash given.

• B.If there is an exchange of like-kind property in which you also give cash and the exchange results in a loss to you, you cannot deduct the loss.

• C.If there is an exchange of like-kind property in which you also receive cash and the exchange results in a gain to you, you do not report the gain.

• D.If there is an exchange of like-kind property in which you also receive cash and the exchange results in a loss to you, you are allowed to deduct the loss to the extent of cash received.