Which of the following transfers meet the exchange requirement for deferral under like-kind exchange provisions? a. Bonita

Question:

Which of the following transfers meet the exchange requirement for deferral under like-kind exchange provisions?
a. Bonita sells her rental condominium in Park City and uses the proceeds as a down payment to buy a rental condominium in Breckenridge.
b. Enrique sells its old pasta machine to Angelo Distributing Company and after shopping around for a few days, purchases a new Angelo Model 5 Pasta Machine from Angelo Distributing Company.
c. Habit trades 3 of its delivery vans to Cal's Cars and Trucks for 2 new delivery vans.
d. Louise owns an apartment building in Milwaukee, which Rebecca offers to purchase.
Louise is willing to part with the property but does not want to recognize the substantial gain on the sale. She is willing to exchange the apartment for a lakefront resort lodge in Minnesota. Rebecca finds such a property and buys it from Ole.
Then Rebecca exchanges the lodge for Louise's apartment building.
e. Phong sells his drill press to Cower Company and purchases a new drill press from Tomzack Manufacturing with the proceeds from the sale.

Corporation
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