Final answer:
When exchanging land held for investment purposes for stock in a real estate holding corporation held as an investment, it qualifies for like-kind treatment.
Step-by-step explanation:
When it comes to the exchange of land held for investment purposes for stock in a real estate holding corporation held as an investment, it qualifies for like-kind treatment. Like-kind treatment refers to the exchange of properties that are similar in nature or character. In this case, both the land and the stock are considered investment properties, so the exchange would qualify for like-kind treatment.