George4Tacks
Level 15

"purchase of a restaurant" means what? Purchase of a building that the client will be landlord of, or purchase of a business that the client will be running, or purchase of the whole shebang? 

Basic concept of like kind is sell a piece of real estate and buy another piece of real estate. Start buying equipment and goodwill with the deal and you begin having difficulties. @singh needs to be clearer in the statement of the question. 

 


Here's wishing you many Happy Returns