Like-Kind Property. Which of the following exchanges qualify
as like-kind exchanges
under Sec. 1031?
a. A motel in Texas for a motel in Italy
b. An office building held for investment for an airplane to
be used in the taxpayer’s
business
c. Land held for investment for marketable securities held
for investment
d. Land held for investment for a farm co be used in the
taxpa yer’s business
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