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If related parties complete a qualified like-kind exchange, how long must the parties wait before
disposing of the property exchanged to insure that any realized gain on the transfer is not
recognized?
No waiting.
30 days.
6 months.
1 year.
2 years.
Solution
Answer : Option E (2 years)
The related parties must wait for not less than 2 years befor disposing of the property exchanged
to insure no realized gain on transfer is recognized.

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  • 1. If related parties complete a qualified like-kind exchange, how long must the parties wait before disposing of the property exchanged to insure that any realized gain on the transfer is not recognized? No waiting. 30 days. 6 months. 1 year. 2 years. Solution Answer : Option E (2 years) The related parties must wait for not less than 2 years befor disposing of the property exchanged to insure no realized gain on transfer is recognized.