Explore the key exceptions that would prevent taxpayers from deferring the tax liability on inherited property and like-kind exchanges. Identify at least two (2) types of property that are not considered like-kind exchanges, and speculate on the reasons why they do not meet the requirements for consideration. Defend your position. determine at least three (3) conditions that would prevent a like-kind exchange classification, and speculate on the type of abuses the IRS is attempting to remedy with such a restriction(s). Defend your position