Question 62 of 75. James, who lives in Texas, is searching for like-kind replacement property...
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Question 62 of 75.
James, who lives in Texas, is searching for like-kind replacement property for his investment-use unimproved land. Each of the following is qualified like-kind property EXCEPT:
A. An office building located in California.
B. 200 acres of farm land located in Iowa.
C. An apartment building located in Oklahoma.
D. A 25-year lease of unimproved land in Texas.
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