Question: 1. For the following exchanges, indicate which qualify as like-kind property for purposes of $1031 (tax-free exchanges): Exchange Qualifies? (Yes or No) Land held for

1. For the following exchanges, indicate which qualify as like-kind property

1. For the following exchanges, indicate which qualify as like-kind property for purposes of $1031 (tax-free exchanges): Exchange Qualifies? (Yes or No) Land held for investment for land to be used as the site for an apartment building Rental condo in Las Vegas for a condo in Ventura to be used as a personal vacation home Stock in American Airlines for stock in Southwest Airlines Factory building in Detroit for an office building in New York Used truck used in a business for a new truck to be used in the business

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