In a Like-Kind Exchange, Property Owners Must Meet a Number

question 5

Multiple Choice

In a like-kind exchange, property owners must meet a number of conditions in order to be eligible to take advantage of this tax deferment. One criterion is for the exchange to be between "like-kind" properties. Which of the following exchanges represents an example of an eligible "like-kind" exchange?

• A) An apartment property for shares in a publicly traded REIT
• B) A retail property in the U.S. for a retail property in China
• C) An office property for a principal residence.
• D) A retail property for an office property, both within the U.S.

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Definitions:

Orientation

A person's basic attitude, beliefs, or feelings in relation to a particular subject or issue.

Feminist Theory

A framework for analyzing power, inequality, and social change, focusing on gender relations and the promotion of women's rights and interests.

Conflict Theory

A sociological perspective that views social life as a competition and conflict between groups over resources and power, resulting in social order maintained by dominance and power, rather than consensus and conformity.

Inequality

The state of not being equal, especially in status, rights, and opportunities.