Like kind exchange auto

[veritas]

Would a passenger automobile (camaro) traded for a light duty pickup (ford ranger) qualify as a like kind exchange?

[OldJack]

Yes. Vehicle for Vehicle is a like kind exchange regardless of the type of vehicles.

[Unregistered]

Yes. Vehicle for Vehicle is a like kind exchange regardless of the type of vehicles.

That statement is overly broad. Automobiles and taxis are like kind. A light general purpose truck is not like kind to a bus or heavy general purpose truck.

[OldJack]

That statement is overly broad..

I stand corrected, you do have to stay within the same class of property.