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Question 62 of 75. James, who lives in Texas, is searching for like-kind replacement property...

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Accounting

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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