As noted in a recent article in the Drake Journal of Agricultural Law on like-kind exchanges involving real property, little change has been made on eligibility issues of real property for like-kind exchange treatment since the beginning of the like-kind concept in 1918.1 That is not the case with like-kind exchanges involving depreciable tangible personal property where classification systems have been in place for several years. A recent effort to introduce a classification system into real property like-kind exchanges (limiting exchanges of urban property with real property and vice versa) was rejected.