When does a nonsimultaneous exchange qualify as a like-kind exchange? Question content area bottom Part 1 A. The property must be identified within 45 days after the date on which the taxpayer transfers the property relinquished in the exchange and received within 180 days after the date on which the taxpayer transfers the property relinquished in the exchange (but not later than the due date for filing a return for the year in which the transfer of the relinquished property occurs). B. It is considered a like-kind exchange when the property is identified and received within 6 months of the agreed upon exchange (this time period can span two different tax years and still qualify as a like-kind exchange). C. It is considered a like-kind exchange when it occurs between three parties instead of two parties. The parties have 2 years to complete the exchange. D. The property must be identified within 60 days after the date the parties agree on the exchange and received within 200 days after the date on which the taxpayer transfers the property relinquished in the exchange