Tax free like kind exchange - business inventory
Answer:
No. Business inventory or stock is considered property that does not fall with the IRS like kind tax free rules.
Generally, the other property that also does not fall into the like kind tax free rules are securities, notes, property held for personal purposes, foreign real estate, property held for sale and partnership interests.
Generally, the other property that also does not fall into the like kind tax free rules are securities, notes, property held for personal purposes, foreign real estate, property held for sale and partnership interests.
