Chapter 12 Homework

1.  Which of the following exchanges qualify as​ like-kind exchanges under Sec.​ 1031?

 Exchange Scenarios
A. Acme Corporation stock held for investment purposes for Mesa Corporation stock also held for investment purposes

1. A motel used in a trade or business for an apartment complex held for investment
2. A pecan orchard in Texas used in a trade or business for an orange grove in Florida used in a trade or business
3. A one-third interest in a general partnership for a one-fourth interest in a limited partnership
4. Inventory for equipment used in a trade or business
5. Unimproved land held as an investment for a warehouse used in a trade or business
6. An automobile used as a personal-use asset for marketable securities held for investment