"greenetax" <greenetax[at]sc.rr.com> wrote:

- quote -

Section 1031(a)(2)(B) says,

"This subsection shall not apply to any exchange of— ...
(B) stocks, bonds, or notes,..."

Stu

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

I received a tax return where stock trades were put in as
like-kind exchanges last year. {About 1.2 million $)
Everything I read says that stocks are not allowed.

Will someone elaborate on this or give me guidance on this
possibility.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >