Final answer:
A non simultaneous exchange can qualify as a like-kind exchange if all other requirements are met.
Step-by-step explanation:
The statement "a non simultaneous exchange may never qualify as a like-kind exchange" is false.
A non simultaneous exchange can qualify as a like-kind exchange if all other requirements for a like-kind exchange are met. In a like-kind exchange, property of one kind is exchanged for property of the same kind, such as real estate for real estate.
For example, if someone exchanges a piece of commercial property for another piece of commercial property, even if the exchange is not simultaneous, it can still qualify as a like-kind exchange.