Sandy who lives in sunny Santa Monica, California is considering selling a vacant lot she owns. If

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Question:

Sandy who lives in sunny Santa Monica, California is considering selling a vacant lot she owns. If Sandy sells her vacant lot and wants to invest into another piece of real property and qualify for like-kind tax treatment, which of the following assets would not qualify as a like-kind property? Group of answer choices

Raw land located in Canada.

An office building in New York City.

An industrial warehouse located in Florida.

An apartment located in New Mexico.