Partnership interests are types of property that are ineligible for like-kind treatment
Generally, In general, a like-kind swap may be done with any real estate property that is held for productive use in the trade or company, or that is held for investment purposes.
A taxpayer will not have to pay tax on the first disposal of investment property if they sell one piece of property and acquire another within the allotted amount of time after the initial sale.
If two properties have the same nature or character, although having different grades or qualities, then those properties are said to be of the same "kind."
Whether a piece of real estate has been developed or left in its natural state, it is still considered to be of the same sort. For instance, a similar-kind structure, such as an apartment building, is often analogous to another apartment building.
Read more about like-kind treatment
https://brainly.com/question/28187310
#SPJ1
CQ
Which of the following types of property are INELIGIBLE for like-kind treatment? Can be more than one answer
A) Land held outside the U.S
B) Equipment used in a trade or business
C) Stocks and bonds held for investment
D) Inventory held for resale
E) Partnership interests
F) Land held for investment
G) Real property used in a trade or business
