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"Property Transfers and Exchanges"
Please respond to the following:
After reviewing the scenario, explore the key exceptions that
would prevent taxpayers from deferring the tax liability on
inherited property and like-kind exchanges. Identify at least two
(2) types of property that are not considered like-kind
exchanges, and speculate on the reasons why they do not meet
the requirements for consideration. Defend your position.
From the e-Activity, determine at least three (3) conditions that
would prevent a like-kind exchange classification, and speculate
on the type of abuses the IRS is attempting to remedy with such
a restriction(s). Defend your position.

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