In a Like-Kind Exchange,property Owners Must Meet a Number of Conditions

question 16

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

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Definitions:

Language Acquisition

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Fruits and Vegetables

Edible parts of plants, such as roots, stems, leaves, flowers, or fruits, that are consumed for their nutritional value.

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A teaching technique where an incorrect statement is repeated in a corrected form to facilitate learning.

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