How long does a taxpayer have to identify replacement property in a like-kind exchange?
A. The like-kind property to be received must be identified within 45 days.
B. The like-kind property to be received must be identified by the earlier of 45 days or the last day of the taxpayer's taxable year.
C. The like-kind property to be received must be identified within 180 days.
D. There is no deadline for the identification of replacement property.
E. All of these.
Answer: A. The like-kind property to be received must be identified within 45 days.