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CCH Federal Taxation Basic Principles Chapter 11 Property Transactions: Nonrecognition of Gains and ... - page 36 / 66

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CCH Federal Taxation Basic Principles

36 of  66

Personal property within the same Asset Class qualifies for Code Sec. 1031 treatment, if used for business or investment purposes.

Like-Kind Exchanges—Tangible Property

Industrial steam and electric generation and/or distribution systems

00.4

Vessels, barges, tugs and similar water-transportation equip., except those used in marine construction

00.28

Trailers and trailer-mounted containers

00.27

Tractor units for use on public roads

00.26

Railroad cars and locomotives, except those owned by RR transportation cos.

00.25

Heavy general purpose trucks

00.242

Light general purpose trucks

00.241

Buses

00.23

Automobiles and taxis

00.22

Airplanes (airframes & engines), except those used in commercial or contract carrying of passengers or freight, and all helicopters (airframes & engines)

00.21

Data handling equipment, except computers

00.13

Information systems (computers and peripheral equipment)

00.12

Office furniture, fixtures, and equipment

00.11

Description

Asset Class #:

Chapter 11, Exhibit 10d

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