Indicate with a \"yes\" or a \"no\" which of the following are like-kind exchang
ID: 2485327 • Letter: I
Question
Indicate with a "yes" or a "no" which of the following are like-kind exchanges.
Machinery used in trade or business for office furniture used in trade or business.
Apartment building held as an investment for an office building used in trade or business.
Land used in trade or business for equipment used in trade or business.
Printer used in trade or business for printer used for personal purposes.
Exchange of real estate held for investment for a partnership interest in partnership that held real estate for investment.
Explanation / Answer
Machinery used in trade or business for office furniture used in trade or business. "yes"
Apartment building held as an investment for an office building used in trade or business. "no"
Land used in trade or business for equipment used in trade or business. "yes"
Printer used in trade or business for printer used for personal purposes. "no"
Exchange of real estate held for investment for a partnership interest in partnership that held real estate for investment. "no"