Seller assistance is MOST typical in commercial transactions.

In which of the following situations would an IRS Section 1031 exchange not be allowed:

A: The properties are not of a like kind; B: The exchanged properties are both vacant land; C: One of the properties is a leasehold over 30 years; D: One property is in California and the other is in Arizona.

Case studies usually involve legal cases, and in this way they have come to be named "case studies."

Indicate whether the statement is true or false