Which of the following locations may Amir exchange his investment land for it to qualify for like-kind exchange treatment?

For an exchange of investment land to qualify for like-kind exchange treatment under the U.S. tax code, both properties involved in the exchange must be situated in the United States. However, there are specific considerations regarding the location of properties for like-kind exchanges as outlined in Section 1031 of the Internal Revenue Code.

The correct answer identifies that investment properties located outside of the United States, such as in Mexico City, Paris, or anywhere else beyond U.S. borders, do not qualify for like-kind exchange treatment. This is because Section 1031 explicitly requires that the exchanged properties be of the same type or like-kind and located within the U.S. territory.

Toronto, Canada, despite being outside the U.S., is incorrectly interpreted as a viable option among the choices presented. However, it falls under the same restrictions as the others since the property involved in a like-kind exchange must be located within the United States. Therefore, while the answer circulates around a misunderstood premise, the overall conclusion remains that none of the international locations meet the criteria necessary for like-kind exchanges per U.S. tax law.